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Kuwait’s IFA dives on first-quarter loss

: Wednesday, May 21 - 2014 @ 17:51

The Kuwait Stock Exchange (KSE) market index declined by 1.44 per cent to close at 7,378.35 points on Wednesday, May 21.

International Financial Advisors (IFA) lost the most, ending down by 4.84 per cent to KWD0.059. Earlier in the day, IFA, which has shares listed on the Dubai market, revealed that it suffered a loss of KWD3.2 million ($11m) in the first quarter in 2014. In the same quarter last year, the firm generated a profit of KWD4.4m ($15.77m).

Gérard Al-Fil

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Wednesday, May 21- 2014 @ 17:51 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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