Kuwait – Mubasher: Kuwait Remal Real Estate posted a decline of 15.9% in losses to about KWD 312,270 ($1.02 million) during the first quarter of 2017, compared to KWD 371,400 ($1.22 million) in the same period of 2016.

The decrease in Q1 losses resulted from other expenses decreasing to KWD 143,240 in Q1-17 from KWD 341,400 in Q1-16, according to a bourse statement issued on Tuesday.

At the stock level, Remal on Tuesday fell by 4.17% to reach 69 fils by 8:46 am Kuwait time.