" /> " /> " />

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.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications