Business | Markets
Kuwaiti bourse suspends trade
Kuwait's stock market halted trading on Thursday after a court order, according to a bourse spokesman.
- Agencies
- Published: 11:06 November 13, 2008
Dubai: Kuwait's stock market halted trading on Thursday after a court order, according to a bourse spokesman.
The bourse stopped trading after investors won a court ruling to suspend trading until November 17 to safeguard their investments from further losses.
Meanwhile, Kuwait's finance minister criticised as "dangerous" the court ruling to suspend trading, but said the decision would be upheld, the official Kuwait News Agency (KUNA) reported.
The agency did not give further details.
Kuwait's stocks fell by almost a third since the beginning of the 2008.
More from Markets
More from Business
Business Editor's choice
-
‘Wrong Way' Krugman
The source of our economic malfunction lies with government-mandated bank regulations
-
Greek exit could make Eurozone stronger
Departure will show limits of bailouts and allow remaining members to act much more like a unit
-
UAE upholds values of free trade
Recently released statistics confirm an established fact, namely that of the UAE embracing the free trade principle in general and imports in particular
