Coast Investment Gains to 10-Month High on Fourfold Profit Jump

12/08/2009 00:00 AST

Coast Investment and Development Co., a Kuwaiti securities and property investment company, climbed to a 10-month high after profit almost quadrupled.

The shares jumped 4.4 percent to 144 fils at 9:09 a.m. in Kuwait City, the highest price since Oct. 21.

The company said second-quarter profit surged to 12 million Kuwaiti dinars ($41.74 million) from 3.1 million dinars in the year-earlier period.


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