Kuwait .. “Kuwaiti Emirati” shares achieve the highest level since the inclusion

The shares of the Kuwaiti -Emirati Holding Company, which included the Kuwait Stock Exchange, increased by 2.84% by closing the Sunday session transactions, closing at the price of 69 fils per share, achieving its highest level since the list.

The trading on Kuwaiti -Emirati -holding share at that time came through 587.84 thousand shares with a value of trading 41.07 thousand dinars.

The highest price for the share at that time was at 75 fils per share during the session, while the lowest price for the share was at 64 fils per share.

The Kuwaiti -Emirati Holding Company turned into profitability during the fourth quarter of 2024, as it recorded a net profit of 358.06 thousand Kuwaiti dinars, compared to losses of 3.48 million dinars during the same period in 2023.

The company attributed this improvement to the profits achieved from the evaluation of foreign currencies, as well as a decrease in public and administrative expenses.

Despite the positive shift in the fourth quarter, the company’s profits decreased significantly at the full year level, as it recorded profits of 482.96 thousand dinars in 2024, compared to 1.33 million dinars in 2023, a decrease of 63.78%.

During the first nine months of 2024, the company’s profits reached 124.9 thousand dinars, compared to 4.81 million dinars during the same period from 2023, with a sharp decline of 97.4%.

These results reflect continuous operational pressure that affected the company’s annual performance, despite the relative improvement in the last quarter of the year.