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Rebound in oil prices lift Kuwait Stock Exchange

The KSE Market Index added a quarter percentage point Wednesday and finished at 5,868.20. While the Gulf state's as largest lender National Bank of Kuwait or NBK closed flat, shares Commercial Bank of Kuwait fell 5.20% to KD0.730. With today's rebouned, the KSE gauge avoided falling into the red on a year-to-date basis. Oil prices bounced back by 0.5% to rade above $84. Kuwait's federeal budget relies by 95% on oil revenues.