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Zain Kuwait stock up 25% in five sessions

Zain Kuwait stock up 25% in five sessions
Zain Kuwait generated profits KWD 43 million in Q3-16 (Photo Credit: Press Release)
ZAIN
ZAIN
-0.81% 491.00 -4.00

Kuwait – Mubasher: Zain Kuwait’s stock rose to 410 Kuwaiti fils, its highest level in 13 months, amid a rise in trading volume and turnover.

Following the 12% year-on-year growth in Zain’s profits, the stock rose 24% and generated KWD 14 million from the exchange of 37 million shares over five sessions.

The company generated profits KWD 43 million in Q3-16, compared to KWD 38 million in Q3-15. In addition, profits rose 5% year-on-year to reach KWD 124 million in the first nine months of 2016.