Stock Market...help?

[Mmblvl5]

Sup,

Well guys could someone explain to me how the stock market works.
As in, When I bought shares in this bank back in 05 they were 10fils a stock, I bought 300KD witch would be 30,000fils witch is 3000 shares in that company.
the pricing for a share now goes for 315fils, so would that mean I have 945,000fils witch divided by 1,000 would be 9,450KD times 3.84 what ever the exchange rate is for the Kuwaiti dinar to the USD would be like 36,288 USD right?

 

[Roadrashvtec]

Sup,

Well guys could someone explain to me how the stock market works.
As in, When I bought shares in this bank back in 05 they were 10fils a stock, I bought 300KD witch would be 30,000fils witch is 3000 shares in that company.
the pricing for a share now goes for 315fils, so would that mean I have 945,000fils witch divided by 1,000 would be 9,450KD times 3.84 what ever the exchange rate is for the Kuwaiti dinar to the USD would be like 36,288 USD right?

I'd notifiy a trader

 

[Mmblvl5]

Well, I would but I am 8,000 miles away from the country that I would be selling them in so it's Kinda hard.

 

[Accord281]

so would that mean i have 945,000fils witch divided by 1,000 would be 9,450kd

945,000/1,000=945

 

[Totalimmortal]

If I'm reading the post right, you shouldn't have physically gained any shares than the original 3,000 shares you had. Unless your stock split, which in the example of a 2 for 1 splits your 3,000 shares would become 6,000 shares at half the original value. That's at least how I understand it.

 

[98ExAccordwv]

your monetary value will be the 3000 shares times whatever the KD rate per share is. That will get you your amount in KD and then you multiply that by the exchange rate.

 

[Totalimmortal]

Given the info you've provided, you currently have $3628.80 USD in shares of that bank.

 

[Mmblvl5]

thanks guys I am kinda getting it