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Article: Global Investment House Kuwait Stock Exchange Performance
- Article from:
- Al Bawaba
- Article date:
- March 1, 2006
CopyrightCopyright 2006 Al Bawaba. Provided by ProQuest LLC. (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
12,000 point mark ...