NBK shares end flat amid bank's stable net profit

  • Kuwait: Tuesday, January 22 - 2013 at 15:29

The Kuwait Stock Exchange (KSE) Market Index hit a 7-month high Tuesday as the gauge ended up 0.30% at 6,191.21 points, The country's largest lender National Bank of Kuwait, known as NBK, ended even at KD0.970. On Monday, NBK said net earnings in 2012 reached $1,085m (KD305.1m) compared with $1,075m (KD302.4m) for 2011. Ibrahim Dabdoub, NBK's Group Chief Executive Officer said "NBK managed to deliver a strong set of results for the year notwithstanding the ongoing challenges". Dabdoub will speak this week at the annual World Economic Forum 2013 in Davos, Switzerland, on prospects in the Middle East after the Arab Spring.

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