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Article: Global Investment House - Kuwait Stock Exchange Performance.
- Article from:
- Middle East
- Article date:
- April 2, 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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The selling spree in the Kuwaiti market continued during the month of March. Even the excellent 2005 corporate earnings numbers and the prevailing high oil prices could not save the market tumbling for the second consecutive month as investors engaged in heavy profit booking. The benchmark "Global" General Index was down by 11.73% to end the month at 283.02 points, the biggest loss witnessed in the last 15 months. All the "Global" sector indices were in the negative territory at the end of the month. Overall, the index reported YTD loss of 11.62% at the end of March-2006. The market cap. of the stock exchange reached KD37.68bn, a loss of 10.86% compared to the previous ...