Kuwait-Mubasher: Zain stock has declined by 91% during the past eight years; from the end of 2007 until the end of 2015, as it closed at 350 fils on 31 December, 2015 as compared to KWD 3.820 by the end of 2007, according to a statement issued by Al-Joman Center for Economic Consultancy.
Al-Joman said that the stock had 282.5 fils distributed on bonus shares, capital subscription rights, and cash dividends. Thus, by adding this amount to the 350 fils, the adjusted price of the stock is 632.5 fils.
The statement clarified that the shareholder has lost 83% or KWD 3.187 of the stock’s price during the eight years.
Al-Joman said that Zain is attached to the Kuwait Stock Exchange’s weighted index which plunged 47% to 333 from 715 points during the eight years.
