Mubasher: Boursa Kuwait announced that the trading activity on the stocks of Kuwait and Gulf Link Transport (KGL) and KGL Logistics resumed after an hour from disclosing the details of the legal lawsuit.
Earlier on Tuesday, Boursa Kuwait announced that trading on the two stocks was suspended based on a request by the two listed companies until they disclose essential information.
The court has issued a ruling in favor of KGL Stevedoring, a subsidiary of an associate, against Kuwait Ports Authority.
The authority will pay KWD 24.5 million to KGL Stevedoring, however, the financial impact of the court ruling cannot be determined in the current time.
