Kuwait’s Global Investment House recommends to “hold” ARIG stock
Kuwait’s Global Investment House (Global) earlier this week recommended to “hold” and to “buy” the stocks of the Insurance Group, ARIG, reported Al-Hayat newspaper on August 7.
Global believes the insurance firm will report positive corporate results by the end of the current financial year, as a result of the improved investment atmosphere in Kuwait. The investment house added that in general, the insurance sector is expected to perform well this year.
ARIG stock closed on August 6 at 0.112 Kuwaiti dinars ($0.365), and its year high and low were KD 0.120 and KD 0.087, respectively. Global believes the stock is under priced and estimates its real value at $0.60-$0.70. — (Mena Report)
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