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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