Kuwait Stocks Rise Most Since April on Investment Rule Extension

July 19 (Bloomberg) — Kuwaiti stocks advanced the most in three months, bucking the declines in Persian Gulf markets, after the country’s regulator extended a deadline for investment companies to comply with a capital markets law.

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National Bank of Kuwait, the country’s largest lender, gained 1.9 percent. Ithmaar Bank BSC, an Islamic investment bank, headed for its biggest advance in more than two months. The benchmark SE Price Index climbed 0.6 percent, the biggest intraday gain since April 20, to 6,006.40 at 10:43 a.m. in Kuwait City. The Bloomberg GCC 200 Index, which tracks the biggest 200 companies in the Gulf, fell less than 0.1 percent. Continue reading