Kuwait’s economy less than expected

15 Sep 2011

(MENAFN) Shuaa Securities’ chief executive Walid Shihabi, said that Kuwaiti market’s outlook is on of the worst in the region, reported Arabian business.

Shihabi stated that the benchmark slightly increased by 0.1 percent to 6, 0410 points but the benchmark is lesser by 13.6 percent for the year.

The local supporting financial role is absent in the country and most of the local companies performance less than the average, the chief executive added.

It is worth mentioning that Logistics firm Agility declined by 2.9 percent compared to the previous three months.

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