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Kuwait market adds a quarter per cent
- Kuwait: Tuesday, May 19 - 2009 at 17:04
Shares of Global Investment House (Global) jumped 9.62% at the Kuwait Stock Exchange (KSE) today after announcing that that 'all ... GCC and Local equity mutual funds posted positive returns in April on the back of strong markets' which reverses the negative trend that started in January. The KSE Price index closed 0.245% higher at 7,746.2 points. Global defaulted on a $200bn loan in December and is since then rated 'SD' (selective default) by Standard and Poor's. The rating agency affirmed today its 'AA-/A-1+' sovereign credit ratings with a stable outlook on the State of Kuwait, despite declining revenues from oil exports.
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Gérard Al-Fil, Financial JournalistTuesday, May 19 - 2009 at 17:04 UAE local time (GMT+4)
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This article was updated on Wed May 20 2009.
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