Tadawul at 11-week high

Kuwait's bourse closed at eight-year low yesterday as the country's political crisis weighed on investor sentiment, while other regional indices ended mixed. Kuwait's index slipped 0.4 percent to its lowest close since August 2004. The index broke through the support level near 5,680 points, the previous multi-year low hit on Jan. 9. In Saudi Arabia, the Tadawul All-Share Index hit a fresh 11-week high, boosted by food stocks, but volumes slumped as investors wind down ahead of the upcoming Eid holiday. The bourse rose 0.12 percent to 6,995.4 points — its highest close since May 29. The gain is fueled by food-related companies, with the agriculture and food index rising 2.08 percent. Dairy firm Almarai climbed 2.4 percent and Savola Group jumped 2.9 percent. The conglomerate is at its highest level in at least two years. Dubai's measure slipped 0.3 percent. From:.arabnews