Kuwait National Airways up despite wider market slip; Jazeera up; Kenya Airways flat


Kuwait National Airways (+1.9%) made the greatest gains of the region's airlines on Monday (01-Jan-2010), resisting a 0.2% slip on the Kuwait Stock Exchange Index.

Also moving higher in the Middle East, were Air Arabia (+1.1%) and Jazeera Airways (+1.1%). Royal Jordanian (-3.9%) shares meanwhile lost their previous day gains, as the Amman Stock Exchange closed trading down 0.8%.

In Africa, 1time Holdings (+0.0%) and Kenya Airways (+0.0%) both ended trading flat. South Africa’s FTSE/JSE Africa All Share Index (-0.7%) declined for a third consecutive day. The index has dropped 4.3% so far in 2010. Kenya’s All-Share Index (+0.9%) snapped a five-day losing streak.

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Selected African and Middle Eastern airlines share price movements (% change): 01-Feb-2010

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