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Kuwait exchange up and away on banks, real estate shares
- Kuwait: Wednesday, April 24 - 2013 at 16:08
The KSE Market Index climbed 53.66 points up to reach 7,227.33 points. Gulf Investment House jumped over 3% to hit KD0.059. Kuwait Finance House, better known as KFH and the country's biggest Islamic bank, advanced 2.43%, ending at KD0.840. KFH said it posted a gross profit of KD66.35m for the first quarter of 2013, of which shareholders' equity was KD23m. Earnings per share in Q1 increased by 16% to 8.1 fils compared to Q1 2012. Shares of Real Estate Asset Management surged 10%, finishing at KD0.110. National Consumer Holding lost the most (off 8.93% at KD0.102.
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Gérard Al-Fil, Financial JournalistWednesday, April 24 - 2013 at 16:08 UAE local time (GMT+4)
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