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Kuwait Stock Exchange dips slightly
- Kuwait: Wednesday, September 30 - 2009 at 17:43
The KSE Price Index closed at 7,817.3 points (off 0.21%). No sector index advanced, as the insurers (down 1.42%) weighed on the market in particular. IFA Hotels and Resorts Co. bucked the market trend and topped the charts by ending 7.14% higher at KD0.750. Gulf Bank of Kuwait performed weaker (5.47% lower at KD.345) as the financial sector at all GCC markets came under pressure as the impact of the Saad Algosaibi on the entire financial segment case has not been clear until today. However, Sheikh Salem AbdulAziz al-Sabah, governor of Kuwait's central bank, has said that economic indicators, including the movement of deposits, credit and money supply, suggest that general economic conditions are better than they were in the fourth quarter of 2008 and first quarter this year, Bloomberg has reported, citing Arabic daily Awan.
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Gérard Al-Fil, Financial JournalistWednesday, September 30 - 2009 at 17:43 UAE local time (GMT+4)
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