Kuwait Stocks Extend World-Beating Rally Amid Mixed Gulf Markets
- Main gauge in Kuwait at the highest level since February 2015
- Saudi Arabian stocks reverse losses of as much as 0.9 percent
What's Driving the Gains in Kuwait Stocks?
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Kuwaiti stocks advanced for a 13th day as trading jumped to the highest level in more than three years. Saudi Arabia’s main equity gauge rallied after the nation’s oil minister said output will remain below its OPEC commitment level.
Kuwait’s SE Price Index added 3.2 percent, the most since December 2014, bringing its gain this year to 16 percent, the best performance among more than 90 gauges tracked by Bloomberg globally. With 880 million shares exchanged, volume was the highest in the Middle East.