Boubyan Bank bucks Kuwait market slump
Kuwait: The Kuwait Stock Exchange (KSE) Price Index lost 121.4 points, ending at 7,490 points. Islamic bank Boubyan bucked the negative sentiment, closing 0.77% at KD0.52. With today's slump, the support line from May 17 this year at 7,600 points was knocked out and profits of the last three months were eradicated. Declining oil prices and the usual lacklustre trading during the summer months currently weigh on the northern gulf state's stock market. [AMEInfo.com]
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Related news:
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- Kuwait court suspends Boubyan share sale
