Profit takers send Kuwait market down half a percent

04 October 2010

The KSE Market or Price Index lost 0.56% to close at 6,947.1, mostly driven lower by investment and insurance firms. Amar for Finance and Leasing Co. posted the largest loss, closing 8.33% lower at KD0.055. Al-Dar National Real Estate Co. surged 6.97% to finish at KD0.023. According to real estate advisory group Jones Land LaSalle across the Middle East and North Africa, negative changes in real estate values are the highest in Dubai at -18%, followed by Kuwait, the Levant, Bahrain, Abu Dhabi, Oman and Qatar.

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