Thursday, July 29, 2010

All in the Family?: Heavy Trading In Kuwait International Bank Shares - Who's Buying?

AlQabas reports that in the past 10 business days some 90.1 million shares of KIB (8.6%)  have been traded.  KD 19.5 million worth in 1121 contracts.  Apparently someone is buying because the share price  is rising.  2 fils yesterday on 7.5 million shares.  Compared to the KSE which is on a downward trend closing 17.7 points lower.

The speculation is that someone is accumulating a position.

The article does note the requirement for disclosure when one's position hits the 5% mark.  Though I suppose several of one's friends could buy just under the "wire".

Maybe Tessio, Clemenza, Fredo, Tom Hagen, etc.   One suspects not Barzini or Tattaglia.


Laocowboy2 said...

No blinding insights to offer but following the original post I have been watching the share. Massive 17.91mn shares volume (but still down a little) today. In a sector that shifted only 26.9mn shares. All this for a bank with a less than glorious past and an uncertain future. Curious.

Abu 'Arqala said...


Maybe it's a remake of "Butch Cassidy and the Sundance Kid"?

Old partners getting back together?

The identity of the new Chairman suggests a link to me. The nautical branch of the Family? But at present nothing but rank speculation on my part.