Kuwait-Mubasher: Al Arabiya Real Estate’s losses deepened as much as 981.2% to about KWD 667,210 ($2.21 million) in the first quarter of 2016, compared to nearly KWD 61,710 ($204,830) in Q1-15, according to a bourse statement.

Losses per share increased to KWD 1.32 in Q1-16 from 0.12 fils in Q1-15.

Gross operating revenues totalled KWD 1 million in Q1-16, compared to KWD 1.02 in the same period of 2015.

On KSE, the stock ended Tuesday’s session at 35.5 fils, as nearly 953,900 shares were traded with a value of around KWD 33,300.