Kuwait – Mubasher: The stock of Privatization Holding was the top loser by 9:23am Kuwait time on Tuesday, marking its first trading session at Kuwait Stock Exchange (KSE) after the company has completed procedures for decreasing the capital.
Privatization Holding went down 7.55% or 53 fils to reach 49 fils after around 3,590 shares were traded through one deal at a value of about KWD 175,800.
On Monday, the company said that the extraordinary general meeting on 10 August approved the capital reduction by 9.9% to KWD 61 million.
The stock has been suspended from trading since 11 August and until 7 November when the reduction procedures were finished.
