Mubasher: The Commercial Real Estate Company’s (Al Tijaria) stock surged 4.55% to 92 fils, its highest level in 30 months on Thursday on Boursa Kuwait.
The stock gained despite the real estate sector’s 0.37% decline by 11:38 am Kuwait time.
In the meantime, the market’s three main indices were down, with the price index falling 0.31% and the weighted and Kuwait-15 indices losing 0.41% and 0.66%, respectively.
Al Tijaria’s stock was the fourth highest traded stock in terms of volume on Boursa Kuwait with 4.5 million shares exchanged at a value of KWD 405,400 through 100 transactions.
Last week, Al Tijaria logged profits of KWD 3.88 million ($12.83 million) in the second quarter of 2017, up 99% from KWD 1.95 million ($6.45 million) in the same period last year.
At the level of the first six months of the year, the real estate company achieved a 42.5% year-on-year rise in profits to KWD 7.78 million from KWD 5.36 million.
