For the first time in last seven months, Kuwait market lost ground with the Global General Index pulling back by 4.16% for the month of December, following the bull run from June to November.
According to the analyst at Global Investment House, the investors were trying to take advantage of the favorable conditions prevailing in the market to book profits at the end of year. However, on a yearly basis the Kuwaiti market has been exceptional in terms of both growth and trading activity. Overall, the market recorded a phenomenal growth of 67.58% in 2005, out-performing the growth of 11.9% in the previous year.
