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Kuwait Stock Exchange fails to benefit from rebound in oil prices |
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Thursday, 22 December 2011 06:17 |
Kuwait: Despite the six per cent increase in oil prices (U. S. crude) during the last week due to falling U. S. stockpiles, the KSE Market Index declined 0.31% Thursday, closing at 5,794.3 points. The northern Gulf state's largest lender National Bank of Kuwait or NBK declined further after performing a double-top at KD1.160, ending off 1.78% at KD1.100. Gulf Investment House posted the second largest advance, adding 8.88% to reach KD0.0245. [AMEInfo.com]
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