Tuesday, February 5, 2013

Kuwait at 8-month high; UAE markets extend gains



Kuwait's measure extends gains to close at a 8-month high as investors bet on government spending plans will be put into action, while UAE markets also end higher.
Kuwait's index climbs 0.5 percent to 6,338 points, its highest close since May 24.
Small-caps dominate trade, which is usually a sign that retail traders are looking for short-term gains.
Investors Holding and Abyaar Real Estate rise 12.2 and 6 percent respectively. Kuwait Business Town Real Estate climbs 8.5 percent and National Ranges adds 2.7 percent.

No comments:

Post a Comment

ShareThis