July 11, 2002	Thursday	Rabi-us-Sani 29, 1423

KUWAIT CITY, July 10: The Kuwait Stock Exchange (KSE) closed the week on Wednesday at its highest level in more than four years amid heavy trading on the back of strong oil prices and increased investor confidence, economists said.

The index closed up 1.9pc on 2,294.1 points, up 42.9 points on the week and 34.2pc on the year.

Average trading value this week soared to more than $115 million, up from last week’s $85 million and well above last year’s average of $48 million.

But the index is still down 19.1 per cent on its all-time high of 2,836.8 points in November 1997.

KSE is the second largest stock exchange in the Arab world.—AFP