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Kuwait stock market at highest level due to oil
Kuwait, Economics, 9/14/2005
Kuwait's stock market indicator on Tuesday increased to more than 10,000 points, the highest level since the foundation of the Bourse. This was attributed to the increasing oil prices.
The growth in the Kuwait Bourse is also attributed to the increase in the level of financial liquidity and a clear and unexpected improvement of the general revenues because of the increase in oil prices.
Worthy mentioning that there are 150 companies listed on Kuwaiti's Bourse with a market value of USD 116 billion, and it is the second largest Arab stock market in the market value after its Saudi stock market.
Previous Stories:
Syria, Kuwait agrarian cooperation
(9/6/2005)
Kuwaiti parliament approves budget with a $10.5 billion deficit
(6/30/2005)
Saudi Arabia, Kuwait increase their oil production
(5/26/2005)
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