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.
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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.
Laocowboy2
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.
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