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Boursa Kuwait suspends trading on 3 stocks Monday

Boursa Kuwait suspends trading on 3 stocks Monday
The suspension came after the losses of these firms surpassed 75% of their capital
YIACO
YIACO
7.14% 4,860.00 340.00
MASSALEH
MASSALEH
10.00% 29.70 2.70

Mubasher: Boursa Kuwait has suspended trading activities on the stocks of Ithmaar Holding, Yiaco Medical, and Al Massaleh Real Estate.

The suspension came after the losses of these firms surpassed 75% of their capital, the bourse said in a statement on Monday.

In 2018, Ithmaar Holding’s losses fell 72% to $24 million from $84.7 million a year ago. 

Al Massaleh Real Estate’s losses increased by 36% to KWD 3.58 million last year, compared to KWD 2.63 million during 2017.

Yiaco Medical’s losses slumped 84.7% year-on-year to KWD 1.366 million in 2018, from KWD 8.945 million.