By: Mohamad Farouk
Mubasher: Kuwait Syrian Holding topped the list of Boursa Kuwait’s most active stocks on Wednesday with 9.24 million shares traded through 281 transactions through about KWD 299,300.
By 10:15 am Kuwait time, the stock of Kuwait Syrian rose by 11.07% or 3.2 fils to 32.1 fils, leading the winners with the highest level in four months.
This positive performance of the stock followed Kuwait Syrian’s disclosure on Tuesday regarding the income statements of fiscal year 2017 when it turned to profits.
The board members’ recommendation to distribute 3% of capital as cash dividends boosted the performance of the stock on Wednesday, capital market analyst Mostafa Al Jarhy told Mubasher.
