Kuwait – Mubasher: Kuwait Investment achieved profits of around KWD 1.28 million ($4.25 million) from exchanging investments with GFH Financial Group, according to a bourse statement.
Recirculation of fair value reserve investment balance resulted in additional profits of KWD 755,520.
The new total profits of KWD 1.28 million will be reflected in the company’s results for the third quarter of 2017.
The company had said earlier that it registered profits of nearly KWD 526,490 ($1.8 million) from exchanging investments with GFH.
Kuwait Investment’s stock rose 0.93% by 11:05 am Kuwaiti time to 108 fils, with a turnover of KWD 4,000 generated from the exchange of 37,500 shares.
