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Kuwaiti banking shares face selling pressure

The KSE Market Index could not benefit from the summer rally in the UAE and KSA. The gauge closed unchanged at 5,723.61 Thursday. National Bank of Kuwait and Commercial Bank of Kuwait fell by one percent and five percent, respectively. Year-to-date the KSE market fell 1.56%, in stark contrast to Dubai's DFMGI (up 14.57%) and KSA's Tasi gauge (7.40% higher).