Complex Made Simple

Kuwait bourse gains further ground

The KSE Market Index closed 0.45% higher at 5,852.2 points. The Kuwait bourse correlates significantly with oil prices. According to the DIFC Weekly Commentary, "in the commodities market, the biggest gainer was copper - which surged off 14 month lows while oil also recovered (Brent recovered from below $100 gaining almost 3%)." Kuwait Commercial Komplex Co. soared 8.2% to reach KD0.066. Gulf Franchising Co. was the top loser, ending down 7.3% at KD0.019.