Middle East shares a mixed bag; 1time signs tourism agreement: MEAD Share Wrap

Middle East shares were mixed on Thursday (03-Jun-2010) with Royal Jordanian Airlines (3.8%) and Air Arabia (2.6%) rising, Jazeera steady and Kuwait National Airways dropping by -2%. The Kuwait Stock Exchange (0.08%) and Amman Stock Exchange (1.64%) both marginally increased.

In Africa, Lonrho (4.6%) shares were up, Kenya Airways stable while Comair (-4.7%) dropped. 1time (-1.9%) reportedly signed an agreement with Cape Town Tourism and Cape Town Routes Unlimited to promote tourism in Cape Town for the 2010 FIFA World Cup.

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Selected African and Middle Eastern airlines share price movements (% change): 03-Jun-2010