Richard Melson

April 2006

GIC Kuwait

http://www.gic.com.kw

GIC maintains a unique focus on the Gulf region. Headquartered in Kuwait, the authorized capital is US$ 2.1 billion and total shareholders equity is over US$ 1.0 billion.

Our regional, international, sectoral and product expertise means we are able to help clients based or operating in the Gulf region achieve their commercial and investment objectives.

Our intimate knowledge of the region's business, legal and regulatory environment enables us to provide clients with effective and practical solutions that fit their investment needs.

Please find attached our daily GCC Market Update document.

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Thank you,

Nouf Al-Mahboub Data Analyst

Gulf Investment Corporation

P.O. Box 3402 Safat 13035

Kuwait Tel. +965 222-5087

Email: nalmahboub@gic.com.kw

email
gic@gic.com.kw

mailing address:
P.O. Box 3402,
Safat 13035,
Kuwait

courier address
Gulf Investment Corporation,
Sharq,
Jaber Al Mubarak Street,
Kuwait portfoli.htm

telephone
(+965) 222 5000

fax
(+965) 244 8894

cable
GICORP KT

SWIFT
GCOR KWKW

treasury dealing room
(+965) 222-5333

Reuter direct dealing
GICK

GCC Market Update 11 April 2006.pdf

nalmahboub@gic.com.kw

Background: GIC Indices are a group of cap-weighted total return indices for the GCC equity markets. The flagship index is the GIC Composite Index, which is a market-cap-weighted addition of GIC's 6 GCC country indices. In addition to the 6 country indices, one for each GCC country, there are currently 2 region-wide sector indices, one for the Banking Sector and one for the Telecom Sector. All indices have been backdated from 1 January 2000 and are reviewed quarterly in order to continue to be a true reflection of regional markets.

Gulf Investment Corporation ("GIC"). The information provided herein is for informational purposes only and is not a recommendation to participate in any particular trading strategy. Although GIC obtains information from sources it considers reliable, GIC makes no representations or warranties as to the information's accuracy or completeness. GIC has no liability for any errors or omissions or for any losses arising from the use of this information. Gulf Investment Corporation and GIC and all index names within the family of GIC Indices are the exclusive property and service marks of GIC.

GCC Market Update 11 April 2006

Attachment: GCCMarketUpdate11April2006.pdf (0.07 MB)

gicIndices@gic.com.kw

Tuesday, April 11, 2006