For what ever reason (believe me there was no news, no profitability improvement etc but..), this stock climbed from KD 0.720 to KD1.220 (All time high in 2009).
Recently, company has reported its third quarter results and the figures are looking good. KFOUC reported net profit of KD 4.3m Vs 1.3m. An EPS of 44.95 fils Vs 11.73 fils (Bloomberg). There is improvement in overall performance, though the stock is looking a bit expensing trading at 21x its reported earning.
On technical terms the story is different, as the stock is currently looking over sold (current price KD 0.940).
One can expect a pull back, which can take the price to KD 1.040 to KD 1.080.
Happy Investing!!
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