Saturday, August 15, 2009

Stock exchange

Kuwait Stock Exchange, KSE back to trading…


The Kuwait Stock Exchange is back to trading today by a court decision.Kuwait’s stock exchange was forced to close last week also by the court decision after traders brought a case against the government, demanding that it intervene to halt the bourse’s dramatic decline. Recent reports showed that the performance of the market has plunged down to more than 30 %.


The Kuwait Investment Authority, the country’s sovereign wealth fund, has also ploughed several hundred million dollars into the stock market in a bid to stem its decline.However, the bourse has continued its downward trend prompting protests by disgruntled investors, some of whom have been demanding that the government resign. Let’s wait and see the trend today.

Good day everyone!

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