Dubai – Mubasher: Three Kuwaiti stocks listed on Dubai bourse rose despite the market’s negative performance due to the fall of oil prices and global stock markets.
Al Salam Group Holding was the best performer with a 6.38% rise by 11:45am UAE time, with a turnover of AED 2.06 million that accounted for 2.3% of the market’s liquidity which stood at AED 90.48 million.
International Financial Advisors (IFA) went up 2.3% after generating AED 49,560 from the exchange of 139,570 shares.
Al Madina for Finance and Investment topped gainers with a 1.2% after generating AED 296,950 from the exchange of 590,8202 shares.
Traders found a good investment opportunity in such stocks amid anticipations of major firms’ third-quarter financials, according to capital market analyst Omar Harb.
The decline of oil prices and global stocks markets led some investors to be cautious, Harb noted.
