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Article: Global Investment House - Kuwait Stock Exchange Performance-.
- Article from:
- Middle East
- Article date:
- March 1, 2006
CopyrightCOPYRIGHT 2006 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Improved corporate earnings results and prevailing high oil prices could not elevate the investor sentiments during the month of February, as the Kuwait market measured by the "Global" General Index dropped by 3.19% and ended the month at 320.62 points. The bearish sentiments in the market can be attributed to the fact that investors are liquidating their holdings to prepare for the upcoming IPOs such as Ithmaar Bank and AlBaraka Banking Group, which are likely to hit the market in the next couple of months. The market capitalization of the stock exchange reached KD42.27bn, down 2.56% as compared to the previous month. Kuwait Stock Exchange (KSE) price index breached the ...
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