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Kuwait market gains insignificantly

01 June 2010

The Kuwait Stock Exchange's (KSE) Market Index closed at 6,704 points (up 0.06%). A report on the State of Kuwait published by rating agency Standard and Poor's helped the market stabilise. S&P affirmed Kuwait's 'AA-/A-1+' sovereign credit ratings with outlook stable. "The stable outlook on Kuwait balances the government's strong financial position against elevated regional geopolitical risks, increased contingent liabilities, and potential impediments to growth", the report says. Commercial Bank of Kuwait (CBK) posted the second largest gain (up 6.75%), closing at KD0.79.

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