19.04.2013 - Head of Kuwait Investment Authority denies role in stock market trading
The head of Kuwait Investment Authority has denied reports suggesting that the country’s sovereign wealth fund may have played a role in driving up recent trading in the national stock market. Bader Mohammad al-Saad told Al Arabiya on Thursday that the Investment Authority has long-term strategic investment purposes and does not interfere in daily market trading. The traded value in Kuwait’s bourse reached on Thursday 92 million dinars ($322.86), which is the highest value in more than two years. On Wednesday, the bourse rallied to breach the 7,000 points mark for the first time in 30 months............................................Full Article: Source
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