Complex Made Simple

Kuwait Stock Exchange is up, up and away

The KSE Market Index gained for the 5th consecutive day, closing 0.30% higher at 5,980.2 points. But the index is still valued 14% lower than at the beginning of the year. Logistics company Agility Public Warehousing Company posted the second largest gain, closing up nine percent at KD0.295. Telecom giant Zain ended flat at KD0.990. On Saturday, Saudi Arabia's Kingdom Holding announced the consortium to purchase Zain Kuwaits stake in Zain Saudi Arabia anticipates completing due diligence by the end of September 2011.