Kuwait real estate stocks post biggest gain in a decade; trading volume doubles

Kuwait Real Estate Co. rose 6.9%, with trading volume reaching twice the average for that period. The stock climbed from 0.364 Kuwaiti dinars to 0.389 Kuwaiti dinars, marking its highest close since November 3. The stock was the best performer among its peers. The Kuwait Stock Exchange All-Share Index rose 0.2%, while the MSCI EM EMEA Index fell 0.4%. Volume was 2.46 million shares, twice the 20-day average volume of 1.11 million shares for that period. The stock's relative strength index is above 70, signaling it may be overbought. Of the shares traded, 75% were executed at the bid price and 7.3% at the ask price.