Kuwait down on political uncertainty as most Gulf markets slump yet again

Dubai: Kuwait's benchmark closed down on Wednesday after the government resigned on Tuesday.

National Bank of Kuwait and Ahli United Bank lead declined, falling 1.37 per cent and 4.55 per cent respectively.

The index closed down 0.79 per cent to 8,615 points.

In Bahrain, the index closed down more than 1.76 per cent to 1,913 points, led by Gulf Finance House, which fell 3.42 per cent.

Abu Dhabi's index fell almost 2 per cent driven by real estate and banking stocks, although volumes are thin ahead of a long holiday across the Gulf Arab region next month.

First Gulf Bank leads declines falling 7.37 per cent and Emirates Telecommunications Corp is down 3.61 per cent.

The index shed 1.64 percent to 2,685 points.