Sunday, Nov 22, 2009

0947 GMT [Zawya Dow Jones]--Kuwait's market closes +1% at 6821.90 on low volumes. The benchmark index fell more than 4% last week. Zain rises 1% to KWD0.970. It was up 4.4% Thursday, after falling 4.2% in the previous session amid continued confusion over possible M&A involving the company. Zain Sunday said a share-swap deal with Paltel has failed. The company's earnings are likely to be impacted by the scrapped share-swap deal, Credit Suisse reckons. Agility ends flat at KWD0.900 after dropping 17% in the previous three sessions on news that the U.S. government has filed a criminal indictment against the company. Agility last week denied any wrongdoing. (NLO)

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(END) Dow Jones Newswires

22-11-09 0947GMT