Kuwait-Mubasher: Boubyan International Industries Holding reduced its losses of the third quarter ended on 30 April, 2016 34.4% quarter-on-quarter to KWD 114,500 from KWD 174,650.

The company’s financial statements showed that Boubyan posted KWD 164,750 net losses in the nine months ended on 30 April, 2016, down from KWD 454,340 reported during the same period in the previous year.

Boubyan’s stock closed at 28.5fils, with 292,200 shares traded at a value of KWD 8,330.