VOL. XLII

No. 19

10-May-1999

KUWAIT

Kuwaits Forthcoming Election Brings New Uncertainty ToMarket Prospects

The promise of a new parliament following upcoming electionsin Kuwait in July, despite the recent increase in oil prices, may bring newuncertainty to the ailing Kuwait Stock Exchange (KSE). The Kuwaiti bourse,which has put in a dismal performance with a series of sharp corrections overthe past 16 months (see table on page B2), is expected to undergo furthercorrection in the market before the...