Kuwait stocks lead decline
Monday, 28 June 2010
Kuwait stocks lost the most in two weeks, leading a decline in Middle East markets, on concern Europe's debt crisis will slow the global economic recovery and speculation Gulf earnings may disappoint. Israel shares fell, reports internet.
The Kuwait SE Price Index slid 0.8 percent, the most since June 14, to 6,571. Agility led the drop, slumping to the lowest since 2003, after U.S. federal prosecutors said the logistics company may still be overbilling the American government. Saudi Arabia's benchmark lost 0.6 percent. The TA-25 Index declined 0.7 percent to 1,086.49, the lowest close since June 8.
The Kuwait SE Price Index slid 0.8 percent, the most since June 14, to 6,571. Agility led the drop, slumping to the lowest since 2003, after U.S. federal prosecutors said the logistics company may still be overbilling the American government. Saudi Arabia's benchmark lost 0.6 percent. The TA-25 Index declined 0.7 percent to 1,086.49, the lowest close since June 8.