Tuesday, May 21, 2013
1018 GMT [Zawya Dow Jones]--Most Persian Gulf stock markets end lower Tuesday as investors book some sharp recent gains. Kuwait however continues to rally. The benchmark KSE Index rises 1.4% to 8242.31--its highest close since mid-June 2009. The market has added 39% this year so far. Local investor interest in small-value stocks is driving the Kuwaiti market, says one trader at NBK Capital. But London-based Capital Economics warns that the country's fractious politics is undermining economic growth prospects after a fresh bout of tensions between Kuwait's parliament and the government. Dubai shares finish -0.9% at 2319.35; Abu Dhabi's market is down 0.4% at 3509.64 and Doha ends -0.3% at 9036.95. Saudi shares trade +0.6% at 7351.10.
(nikhil.lohade@dowjones.com; Twitter: @ZDJnews)
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(END) Dow Jones Newswires
21-05-13 1018GMT
