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
  • Gulf News

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.

  • Rate this article
  • Average reader rating (0 votes) 0 Stars
Tools

Emailing an article to friend is a simple way to share a news item. Your friend will receive an email with your name and email address as well any personal message you choose to send.

The information you provide on this page will not be used to send unsolicited emails.

This service is not intended to encourage spam, and action may be taken against individuals who maliciously enter personal details of another individual.

Share this article

More from Markets

  1. Asian stocks rebound after UAE bank support

  2. UAE markets end lower on sentiment

  3. Yuan must strengthen, China told

  4. China's overcapacity may protect economy

All articles in Markets

More from Business

Gulf News
Popular in Business
A world of fun
Global Village

A world of fun

Revamped layout featuring four cultures to greet visitors this season

Business Editor's choice