Kuwait-Mubasher: Gulf Bank of Kuwait’s (GBK) stock recorded the highest trading volume in three years, after it reached 10.8 million shares by 11:40 am Kuwait time on Monday, traded through 88 transactions.
The stock’s trading value reached KWD 2.64 million, accounting for 23.8% of the overall liquidity of Kuwait Stock Exchange (KSE) which stood at about KWD 11.04 million.
GBK rose by 3.4% or 8 fils to reach 244 fils; the highest level in two months.
It is noteworthy that GBK is one of the creditors to Al Kharafi Group which takes part in Adeptio’s acquisition of Americana’s stake.
