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Kuwaiti CMA to resume trading on National Shooting next week

Kuwaiti CMA to resume trading on National Shooting next week
National Shooting's stock was suspended on 15 March
SHOOTING
SHOOTING
-2.01% 39.00 -0.80

Mubasher: The Board of Commissioners of the Kuwaiti Capital Markets Authority (CMA) approved to resume trading on the stock of National Shooting Company starting from Sunday, 26 April.

Meanwhile, the CMA will continue examining the regulatory requirements submitted by the company, including data and information, within the CMA’s regulatory competence, according to a bourse disclosure on Thursday.

On 15 March, the CMA until halted trading on National Shooting’s stock temporarily until it provides the external auditor with required data to express its opinion on the financial statements.

It is worth noting that in the fiscal year (FY) 2019, the net loss of the company widened by 672% to reach KWD 3.8 million ($12.35 million), compared with KWD 496,612 ($1.6 million) in 2018.