Stimulus, Emergency Laws Could Cheer KSE Up

Although most Middle Eastern equity markets have followed the Dow Jones' rally over the last few days, in line with the view we expressed on Monday, Kuwait has had only a tentative upward move, and fell back yesterday after failing to reach resistance at 6,900. As we suggested earlier this week, Kuwait stands out in the GCC at the moment as the most politically turbulent, the least open to investment and the only country in the bloc to have seen a bank fail, all of which will keep investors cautious.

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