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Kuwait’s Kout Food Group gains as inflation rises

The KSE Market Index ended insignificantly higher at 7,656.16 points on Monday, December 16. Kuwait Hotels Company gained the most, ending up 7.70 per cent at KD0.140. Kout Food Group added 6.76 per cent, finishing at KD0.790. Inflation in Kuwait is higher that the official rate and hit 5 per cent this year, a person familiar with the matter told AME info due to prices increases in food and general cost of living.

Gérard Al-Fil