Saturday, May 12, 2007

1118 GMT [Dow Jones]--Services firm Al Abraj Holding Co. led the gainers on the Kuwait Stock Exchange after a report in a local paper said it won a $200-million contract in the U.A.E. Abraj closed up 8% at 680 fils. "People assumed it was Al Abraj because it was the only noticeable gainer in the services sector," says Kuwait-based trader, who sold Al Abraj shares. "We look at fundamentals, and according to fundamentals, the share price was a good level to sell," he says. (ADA)

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(END) Dow Jones Newswires

12-05-07 1119GMT