National Ranges (Mayadeen) stock rose in Tuesday's early trading, after the company won its lawsuit against the Commercial Bank of Kuwait (CBK).
The company stock surged 3.51% to 29.5 Kuwaiti fils, with traded volume of 21.57 million shares at value of KWD 643.97 executed through 196 transactions.
The Kuwaiti court of first instance on Monday passed judgment suspending the disposal of Mayadeen stocks liquidated by CBK .
Mayadeen deputy chairman considered the court ruling as annulment of CBK’s stock sale, according to new reporters.
Kuwait-listed Mayadeen suffered KWD 7.65 million in losses in 2014, compared with KWD 1.86 million a year earlier.
