Stocks in Kuwait have rallied to levels not seen since May 2010, helped by strong corporate earnings and the government's plans to invest in infrastructure.

The market has been particularly bolstered by smaller companies, such as shooting range operator National Ranges, whose shares have climbed almost 20% this year.

Meanwhile, Kuwait also boasts the sixth-largest oil reserves in the world and is one of the largest oil producers and exporters.

Amid modest growth in oil production, Kuwait's economy is forecast to grow by 4.5% in 2013 and 5% the following year, according to Kuwait Financial House Research.

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