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Kuwait bourse gains 0.34%, closes at 7,034

17 October 2010

Kuwait-listed shares gained slightly across all sectors on Monday pushing the KSE Market index to 7,034 (up 0.34%). Shares of telecom giant Zain added 1.42%, closing at KD1.420. Zain reported recorded a third-quarter net profit of KD80.7m ($286m), compared with KD41.2m ($146.3m) in Q3 2009 "as a result of it booking the proceeds from the sale of most of its African operations earlier this year", Jordinvest says. Its rival Etisalat from the UAE aims to byu 46% in Zain.

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