KMEFICKuwait Middle East Financial Investment Company
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However, KMEFIC managed to trim its second-quarter 2010 net loss to KWD1.
The new FIX Gateway service provided by KMEFIC offers direct market access (DMA) to exchanges in Abu Dhabi, Bahrain, Doha, Dubai, Kuwait and Muscat.
KMEFIC said the Secure Trading Extranet combines technology, navigation and speed, with a high level of security, producing an efficient, robust system.
Linking into the TNS network gives KMEFIC a great opportunity to connect to world markets and makes trading with the Middle East easier and more profitable for brokers through a single point of connection," said Abdul Mohsin Qarooni, General Manager of IT and online trading at KMEFIC.
Established in 1984, KMEFIC offers an array of investment products and services, ranging from local financial instruments to a broad suite of international funds, portfolios and managed accounts.
The shares of MANAZEL, ADNC, MAYADEEN, GFH and ALAMAN were top gainers, while top losers were OSOUL, FIRSTDUBAI, KMEFIC, MAZAYA and PIPE.
KMEFIC aims to maintain selected investment directions that target markets in countries that have a stable economic status, and companies with a strong foundation, he stressed.