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Kuwait bourse gains, after EFG Hermes said 7,000 points-lvel is possible in medium-term

21 March 2012

The Kuwait Stock Exchange (KSE) Market Index closed 0.33% to reach 6,249.4 points, as shares gained across the board. Investmentbank EFG Hermes said Tuesday, "We continue to hold the 6540 +/- [new 52 week high] as medium term forecast with potential hike towards the 7000 mark." Dubai-based Emirates NBD's CIO Private Banking Gary Dugan said in his weekly commentary, investors shall "enjoy the rally as long as it lasts." Year-to-date, the KSE has gained 7.50%.

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