AlThemar says stock-buying spree follows buyback

Kuwait-Mubasher: Al Themar International Holding said that the extraordinary trading activity on its stock during Sunday’s session came on back of the company’s repurchase of 11 million treasury shares or 4.69% of total.

The company clarified that the treasury shares have totalled 22.28 million or 9.5% after the purchase was completed, according to a bourse statement.

The stock settled at 90 fils on Sunday’s session, after 101.26 million shares were exchanged with a value of KWD 9.11 million. 

Mubasher Contribution Time: 19-Jan-2016 07:00 (GMT)