KSE: Real estate sector to move up
The Kuwait financial market as measured by the “Global” General Index went up 3.42 per cent during Jan-06 and ended the month at 331.19 points. According to Arab Times, the “Global” Real Estate Sector Index moved up by 2.5 per cent last month.
The major factor constraining gains in the real estate sector have been concerns surrounding end of year earnings. Investors now seem to be quite confident that the real estate sector will report good aggregate profits, looking at the results of the first nine-months. Until proven otherwise, it is believed the direction of the sector will likely continue upward.