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Article: Global Investment House Kuwait Stock Exchange Performance
- Article from:
- Al Bawaba
- Article date:
- April 2, 2006
CopyrightCopyright 2006 Al Bawaba. Provided by ProQuest LLC. (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
month. Kuwait Stock ...