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Monday, April 09, 2018

Kuwait market rebounded

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Kuwait market rebounded

The Kuwait market rebounded for the first time since authorities divided it into three segments a week ago as part of reforms designed to boost liquidity and attract more foreign money. KSX15, the index for the premier market, home to the largest and most liquid companies, rose more than 1%.

This rebound had a positive effect for Dubai stock market as well. For example, Al Salam Group holding (Kuwait company registered in Dubai market) saw its price surge by more than 6% on Monday.