For the past month MENA holding has increased exponentially. The stock which was trading at around 200 fils in the Kuwait Stock Exchange has grown to KD 1.280 (more than 500% return) in a month. This morning I was surprised to see that the stock was halted. No one knew why the shares were trading at limit highs every day but it was evident that it wasnt purely speculators.
** Update rumors that trading was halted pending an investigation into the reasons behind the sharp rise and limit high bids.
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