Kuwait-Mubasher: Noor Financial Investment posted about KWD 60,000 ($1000) earnings in the first nine months of 2015, compared to KWD 3.98 million ($1 million) in the same period of 2014, a plunge of 98.5%.
The Kuwaiti company noted that the decline in profits caused by a decrease in unrealized gains on investments at fair value.
Noor stock retreated 7.3% or 4 fils to settle at 51 fils after two hours of starting Sunday’s session as nearly 262,000 shares were traded with a value of about KWD 13,600.
