Kuwait shares set new record

Published January 25th, 2005 - 09:22 GMT
Al Bawaba
Al Bawaba

Kuwaiti shares soared past the 6,500-point psychological barrier for the first time Monday to set an all-time record despite a "terror scare" in the emirate, traders said.


The Kuwait Stock Exchange (KSE) index finished Monday at 6,510.50 points, up slightly from last week’s close of 6,480.80.

 

The index is 1.6 per cent up on last year’s close of 6,409.50 points and compares with the previous record of 6,498.90 points set on December 7.

All eight sectors made gains, topped by the services sector which increased 0.8 per cent.