Kuwait market bucks fickle GCC trend

27 September 2010

The Kuwait Stock Echange (KSE) gained against the GCC trend on Monday, ending 0.13% higher at 6,832.1. Burgan Bank closed unchanged KD0.450. Burgan Bank, the commercial banking arm of Kuwait Projects Company (KIPCO), has announced its successful issuance of a subordinated bond worth $400m to enhance its capital base. The transaction was well supported across multiple regions and investor types with over 140 orders received and was more than 3.5 times oversubscribed at close. Food companies and insurers performed weaker. Islamic insuerer First Takaful Insurance Co. ended 6.17% lower at KD0.076.

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