MIDEAST STOCKS-Gulf mostly soft; revived Americana talks support Kuwait | Reuters:
"Gulf stock markets were mostly soft on Thursday after international bourses and oil markets slipped, but Kuwait's market was supported by renewed talks on the sale of a stake in a top food company.
Kuwait Food Co (Americana), majority-held by the al-Kharafi family, is back in talks to sell a majority stake to a group of Gulf investors just days after negotiations collapsed over valuation issues, sources told Reuters on Wednesday.
Americana declined to comment and its shares were suspended from trade on Thursday, but stocks rose in other companies in which the Kharafis own major stakes. National Investment Co added 2.2 percent and Zain rose 1.6 percent. Kuwait's main stock index edged up 0.1 percent.
"
'via Blog this'
No comments:
Post a Comment