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United Poultry’s board approves delisting

United Poultry’s board approves delisting
Stock price does not reflect the company's financial results (Photo Credit: Arabianeye-Reuters)
POULT
POULT
-6.00% 180.00 -12.00

Kuwait-Mubasher: Kuwait United Poultry’s board of directors agreed on a voluntary withdrawal from the Kuwait Stock Exchange (KSE), according to a recent statement.

The reason behind the delisting was that the stock price does not reflect the food processing and poultry farming company’s real financial results as well as the stock’s weak trading activity, the board clarified.

On KSE, the stock ended Sunday’s session at 176 fils, as 5,000 shares were traded with a value of KWD 880.