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Kuwait Stock Exchange dips as inflation declines |
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Tuesday, 03 January 2012 06:09 |
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Kuwait: Losses in the industry and insurance sector dragged the KSE Market Index down by 0.20% to 5,780.9 points. National Bank of Kuwait or NBK closed even at KD1.100. Telecom operator Zain declined 1.12% to KD0.880. Logistics specialist Agility ended 1.35% higher at KD0.375. According to National Bank of Abu Dhabi, the General Consumer Price Index in Kuwait fell in November 2011 to 4.16% from 4.82% the month before. The IMF expects consumer price inflation in the northern Gulf state to
decline to 3.4% in 2012 from 6.2% last year due to a decline in global oil demand. [AMEInfo.com] Read more:
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