Kuwait – Mubasher: The stock of KAMCO Investment posted its lowest level since its listing in line with the company’s announcement of two takeover deals.
By 11:30 am Kuwait time, KAMCO dropped 15.66% to reach 70 fils, with liquidity of about KWD 339 after nearly 4,800 shares were traded through one transaction.
The stock’s performance came in line with the financial services sector’s trend which lost 0.66%.
KAMCO on Monday announced sealing two acquisition deals at a value of $23.4 million and $64 million.
