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Bayan sinks to nine-month loss

Bayan sinks to nine-month loss
Photo Credit: Arabianeye-Reuters
BAYANINV
BAYANINV`R
15.64% 76.90 10.40

Kuwait-Mubasher: Bayan Investment showed a negative turn in its financials for the first nine months of 2015.

The company posted losses worth about KWD 117,900 ($387,500) in 9M-15, against earnings worth KWD 3.43 million ($11.3 million) in 9M-14.

Bayan noted that the registered losses came due to the differences from foreign currency exchange.

It is noteworthy that the stock settled early Tuesday at 39 fils, after about 946,900 shares were traded through 20 transactions, with a value of nearly KWD 36,500.