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Warba Insurance stock falls on exit news

Warba Insurance stock falls on exit news
Photo Credit: Arabianeye-Reuters
WINSRE
WINSRE`R
11.32% 177.00 18.00

Mubasher: The stock of Warba Insurance on Wednesday fell by 3.06% to reach 95 fils by 11:50 am Kuwait time.

This decline is considered the lowest level since its listing, following the company’s announcement of selling its entire stake in its associate Ghazal Logistics and Warehousing Company for KWD 577,500 ($1.9 million).

Warba Insurance’s stock achieved a liquidity of about KWD 7,300 after nearly 75,230 shares were traded through eight transactions.