Kuwait's Agility ends flat after the company issued a statement saying it had no news to explain a surge in its share price over the past two months.
The logistic firm's shares have gained 40 percent since Aug. 1, while daily trading volumes have fluctuated wildly over the same period, varying from less than 40,000 shares to 8.4 million.
"Agility sees the movement on its shares in terms of value of the stock or the volume of trades as normal and has no news or data that may justify any extraordinary movement on the stock," the company says in a bourse statement on Sunday. "However, the company believes its second-quarter financial results along with a general positive view on the Kuwait stock market could be driving the stock higher."
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