Profit taking hits Zain; Kuwait falls

Zain tumbles as investors cash in recent gains, weighing on Kuwait's index in early trading.

Zain falls 3.9 per cent. The stock had gained 18 percent this week to Wednesday's close, with brokers reporting strong support buying from stakeholders. Agility falls 1.6 per cent after a similar surge. None of Kuwait's 15 largest stocks advance, with investors reluctant to take the market beyond Wednesday's 13-week high. The index falls 0.2 per cent to 7,152 points.