Kuwait .. Aceko shares records its highest price in 8 months

ASICO shares for the included and traded industries on the Kuwait Stock Exchange increased by 9.21% during trading today, to circulate at 95 fils for the share, to record its highest price in 8 months.

The trading on Aceko shares at that time came through 51.73 million shares with a value of trading 4.85 million dinars.

The highest price of the stock was at that time at 97 fils, while the lowest price was at 87 fils.

ASICO Industries managed to record a positive transformation in its financial results, making profits during the second quarter and the first half of 2025, after it had recorded losses during the corresponding periods of the previous year.

The company recorded profits of about 1.72 million Kuwaiti dinars during the second quarter ending on June 30, 2025, compared to losses of 2.04 million dinars in the same period in 2024.

“Aceko” also achieved a net profit of 7.95 million dinars in the first half of this year, while it had incurred losses of 2.32 million dinars during the first half of last year.

The company attributed this shift in financial performance to several factors, the most prominent of which is the recovery of allocations related to lawsuits, and the achievement of gains as a result of extinguishing some loans, in addition to the low financing fees. These positive factors have met losses caused by the sale of some real estate assets.

The company started in 2025 with a positive performance as well, as it recorded a profit in the first quarter of 6.23 million dinars, compared to losses of 278.92 thousand dinars in the same period in 2024.

It should be noted that ASICO Industries, a public joint stock company listed on the Kuwait Stock Exchange since April 1997, has been working in the material sector and focuses on building materials production. Its headquarters are in Kuwait City, and it was founded in June 1990.