Mubasher: Gimbal Holding Company has executed major selling transactions on the stock of Arzan Financial Group for Financing and Investment during Sunday’s trading session; Gimbal has liquidated more than 20% of Arzan’s capital, Al Rai Newspaper reported.

According to the supply and demand system in Boursa Kuwait, Gimbal has exited the 20% stake in Arzan which recorded a trading volume exceeding 305.2 million shares at a total value of KWD 8.5 million; Arzan’s volume has represented two-thirds of Boursa Kuwait’s total volume on Sunday.

During Sunday’s trading session, a total of 2,138 cash transactions were exchanged on Arzan’s stock, while the price of the exit-transaction deals ranged from 30 fils to 35.6 fils per share, Al Rai Newspaper added.