MTC Shows Slowest Profit Growth in 2 Years

Shares of Kuwait's Mobile Telecommunications Co. (MTC) reversed early losses on Wednesday after reporting its slowest profit growth in almost two years in the first quarter.

By 0822 GMT, the stock of the second-largest Arab telecom company by market value, was up 0.54% at 3.720 dinars ($12.87) after having fallen 1.1% earlier.

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