Real estate companies registered with Kuwait Stock Exchange (KSE) lost KD 180 million out of their values in 2011, according to a recent report.
Some 30 shares, or 77 percent, out of a total of 39 property shares listed at the KSE plummeted last year, recording mixed price losses between 2 and 47 percent of their market prices, showed the report, released by Coldwell Bank-Kuwait here on Friday.
Only seven property shares made profits last year, it said. Three falling shares incurred losses exceeding 40 percent, while one share remained unchanged and one share was out of trading in 2011, the report added.
The capital value of total listed shares dipped by 17 percent; having hit KD 28.55 billion by the end of 2011, down KD 5.93 billion over 2010's KD 34.48 billion, it said.
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