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Kuwait market remaines buoyant on oil
- Kuwait: Wednesday, November 21 - 2012 at 16:18
The Kuwait Stock Exchange gained value for the third consecutive day, closing one percent higher at 5,867.51 as National Bank of Kuwait (up 1.04% at KD0.970) and Islamic bank Kuwait Finance House (3.8% higher at KD0.810) helped to lift the market. As oil prices (DME Oman Crude) continued trading at a three-week high, the KSE received addtional tailwinds for its buoyant momentum. Earlier in the day, Mark McFarland, Chief Investment Strategist at Emirates NBD's private banking division said the bank's models still indicate a preference of emerging markets equities over developed market equities. "PMI data in China, Russia, Turkey and the Middle East is improving, not deteriorating" said McFarland.
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Gérard Al-Fil, Financial JournalistWednesday, November 21 - 2012 at 16:18 UAE local time (GMT+4)
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