Stocks are a share of the ownership of a company. If the company does well, or even if everyone thinks the company is going to do well, the price of the stock goes up. In addition, many companies give a little dividend payment each year to the stockholders, which provides extra value.
Showing posts with label Kuwaits Gulf Bank posts fourth quarter loss. Show all posts
Showing posts with label Kuwaits Gulf Bank posts fourth quarter loss. Show all posts

Kuwaits Gulf Bank posts fourth quarter loss

Kuwaits troubled Gulf Bank on Saturday posted a fourth-quarter loss of 445.5 million dinars ($1.54 billion), citing losses on derivatives transactions as it was hit by the global financial crisis. Kuwaits fourth-largest bank by market value said it made a full-year net loss of 359.5 million dinars, compared with a net profit of 130.44 million dinars the previous year.

Monday, March 30, 2009

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