Kuwait's index recovers most of
Wednesday's losses, showing little reaction to the market
regulator instructing the bourse to delist nine companies.
The benchmark climbs 0.3 percent to close at 5,982 points,
edging back up towards Tuesday's five-month closing high.
Companies to be de-listed include International Investment
Group, Wataniya Airways, Al-Safat Global,
International Leasing and Investment and Investment
Dar.
The regulator also issued ultimatums for nine other
companies to correct their financial positions by March 31,
according to a bourse statement.
"It gives a better reflection of the index, given that most
of these companies have been halted for a while and investors
got used to not trading them," says Jasem al-Zeraei, head of
institutional sales at NBK Capital.
No comments:
Post a Comment