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Oil and gas firms stabilize Kuwait Stock Exchange

: Sunday, August 10 - 2014 @ 17:12

The KSE Market Index added 6.28 points to reach 7,192.70 points on Sunday, Aug. 10. National Petroleum and Services Company was among the top gainers, finishing seven per cent higher at KD0.610. Gulf Petroleum Investment surged 4.76 per cent to hit KD0.088. “Of all the GCC states, Kuwait is still the most

dependent on the oil sector, with 91 percent of treasury revenues, 90 percent of exports and 45 percent of GDP coming from oil,” according to an article in the Times Kuwait weekly published today and called this proportion an “unsustainable phenomenon”.

Gérard Al-Fil

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Sunday, August 10- 2014 @ 17:12 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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