Only way is up at Kuwait Stock Exchange
- Kuwait: Wednesday, February 13 - 2013 at 16:17
The KSE Market Index added 0.42% Wednesday and closed at 6,384.32. Higher oil price pushed the gauge higher to close to 8-month high. Brent hit a 9-month high Wednesday, while DME Oman Crude rose near a 6-month high. 95% of Kuwait's state budget is based on oil exports. Shares of Gulf Investment House closed 5.3% higher at KD0.049. Gulf Bank of Kuwait closed flat at KD0.410. Earlier in the day, the lender announced that its Chief Executive Officer, Mr. Michel Accad, has been appointed to the Board of Directors of INJAZ Kuwait (Injaz is Arabic for to do something). Gulf Bank's long term interest in youth development supports H.H. The Amir of Kuwait, Sheikh Sabah Al Ahmad Al Jaber Al Sabah's vision for the empowerment and encouragement of Kuwait's youth.
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