Mubasher: Coast Investment and Development has sold an asset in the United States for KWD 934,000 ($3.1 million), according to a bourse filing on Sunday.

A revenue of KWD 142,000 is expected to be generated from this sale deal, and will be registered in the income statements of fiscal year 2017.

At the stock level, Coast Investment closed Sunday 0.92% higher at 32.9 fils.