One month after the Kuwaiti stock exchange reached its lowest point for more than three years, there has been a turnaround. On November 17, the market had lost almost half its value since the beginning of the year and fallen by about a third in just one month. One month later, however, it had recovered almost half the previous month’s loss. Why?
Faisal Hasan, head of research at Global Investment House, says government and central bank support for struggling investment companies is helping.
Investment companies in Kuwait are in trouble because of stock...
