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Kuwait Stock Exchange slips as profit booking prevails
- Kuwait: Monday, October 01 - 2012 at 16:30
The KSE Market Index fell 0.13% Monday, closing at 5,974.68 points. Last week, the gauge bucked an overall negative sentiment at GCC markets, so that yesterday's and today's decline must be regarded as profit booking. Nearly all banking shares ended even today. According to National Bank of Abu Dhabi's research, "Banking system growth appears to be picking up; pace will be a function of implementation of the country's development plan." Kuwait banking sector assets were $165.8bn (up 9.9% y-o-y, up 1.4% m-o-m) in August. Loans and advances were up by +1% m-o-m and up by +5.1% y-o-y to $97bn. Deposits were up by +1.2% m-o-m to $119.5bn (+10.6% y-o-y). Loan to deposit ratio stood at 81.1%.
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Gérard Al-Fil, Financial JournalistMonday, October 01 - 2012 at 16:30 UAE local time (GMT+4)
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