Mubasher: The stock of Kuwait Projects Holding (KIPCO) on Thursday fell to its lowest level since April 2013, following the negative performance registered in the first quarter’s financial statements.
By 10:15 am Kuwait time, the stock declined by 6.02% to reach 390 fils, with a liquidity of about KWD 529,430 after 1.4 million shares were traded through 24 transactions.
KIPCO on Wednesday announced a plunge by 62.4% in profits to KWD 5.07 million from KWD 13.50 million in the same quarter of 2016.
