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Kuwait Stock Exchange (KSE) adds one percent

The Kuwait market opened the week positively after it was closed on Sunday due to an Islamic holiday. The KSE Market Index finished at 6,496.5 points. International Financial Advisors (IFA) posted the second largest advance and closed 7.69% higher at KD0.056. According to Swiss private bank Sarasin & Cie., which runs branches in Dubai and Doha (in a joint venture with Alpen Capital), global stock market declines in the second quarter have been "exaggerated" and offer buying opportunities in the cyclical sector in particular, the bank says in its latest Global View report. Since the beginning of 2010 the KSE lost 7.26%.