Markaz posts profits

Net profits posted y Kuwait Financial Center, Markaz, reached KD 750,000 (two fils per share) compared to KD 1.44 million (three fils per stock) of the corresponding period of the past year.Shareholders' equity rose seven percent compared to the same period of last year, reaching KD 89.79 million, and managed assets KD 906 million, as posted on June 30, 2011, the center said in a statement released on Sunday.Dherar Yousof Al-Ghanem, the Board Chairman and Managing Director, said the global finance markets started the year with positive indexes, but jitters came back against as a result of the US and European debts' crises.He indicated at psychological effects in the regional markets, although the main problem in the region is surpluses and not deficits. However, the decision makers in Kuwait and the other Gulf states should invest these surpluses in real development to create new investment opportunities.