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Noor Financial’s stock hits five-year highest level on Sunday

Noor Financial’s stock hits five-year highest level on Sunday
The rise of Noor Financial pushed the financial services sector to add 1%
NOOR
NOOR
-3.02% 225.00 -7.00

By: Mohamed Farouk

Mubasher: The stock of Noor Financial Investment gained 5.26% or 5 fils to reach 98.1 fils early Sunday, registering its highest level in more than five years.

By 10:16 am Kuwait local time, Noor Financials registered 3 million shares traded at a value of nearly KWD 285,300.

Purchase orders for the stock stood at 4.2 million shares, while 2.4 million shares represented the sell orders.

The rise of Noor Financial pushed the financial services sector to add 1% and top the gainers.

The stock of Noor Financial is expected to register higher gains once it exceeds the nominal value of 100 fils, capital market analyst Ali Al Salami told Mubasher.