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Shares of National Bank of Kuwait recover strongly |
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Wednesday, 07 September 2011 07:05 |
Kuwait: The KSE Market Index added 0.81%, closing at 5,908.2 points. Abyaar Real Estate and Development Co. was the most liquid share and jumped four
percent higher to reach KD0.026. Global Investment House in Kuwait commented on the country's real estate market earlier today: "In Kuwait, the residential segment maintained its position as the most buoyant segment in Kuwait's reality market. The private housing segment remained active amounting for 55% of total transactions value in 2Q11, similar to the same share in 1Q11 with a 19% increase in the number of transactions. The increase was associated with a significant 52% increase in transaction value at KD527m up from KD347m in 1Q11." The lagest lender in the northern Gulf state National Bank of Kuwait finished up 3.85% at KD1.080. [AMEInfo.com]
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