Kuwaiti stocks lose across the board

30 November 2010

The Kuwait bourse KSE weakened 0.35% on Tuesday, ending at 6,891 straight. All industry segments declined, with the the exception of the real estate sector (up 0.07%). Heavy Engineering and Ship Building Co. posted the largest decline, closing at KD0.340 (down 6.84%). ined 0.20% on Tuesday, closing at 12,605.44 points. Al Khaliji Commercial Bank shares dipped 0.66 to finish at QR15.10 as most financial stocks weakened. The QE Index posted during the first 11 months 2010 a gain of 17% straight. Willem Buiter, Chief Economist at Citi, writes in today’s published Global Economic Outlook and Strategy that his bank expects Kuwait to grow 3.1% in 2010, 4.5% in 2011 and 6.2% in 2012.

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