Kuwait”s Gulf Bank said on Thursday it had won central bank approval to buy back up to 10 percent of its stock, sending its shares up 2.35 percent. The six?month period starts on April 14, the bank said in a statement on the bourse website. Gulf Bank closed up 2.35 percent at 435 Kuwaiti fils. Trading in the stock resumed on Tuesday after being suspended late last year.
Reported on Alwatandaily