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Oil stocks weigh on Kuwait bourse
- Kuwait: Monday, September 14 - 2009 at 14:18
The Kuwait Stock Exchange (KSE) declined for the sixth consecutive day and its price index closed at 7,651.7 points (off 0.37%). Losses in the oil industry sector weighed on the market in particular. Oula Fuel Marketing Co. hit the bottom of the chart and ended 7.7% lower at KD0.300. Soor Fuel Marketing closed at KD0.270 (down by 6.7%). Kuwait Finance House (KFH) added 1.53%, closing at KD1.300. The Islamic bank KFH announced on Friday that its Turkish branch obtained a license from the German financial regulator BaFin to open a branch in the German city of Mannheim. On a later stage, KFH aims to expand a network of branches throughout Germany and Europe.
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Gérard Al-Fil, Financial JournalistMonday, September 14 - 2009 at 14:18 UAE local time (GMT+4)
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