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Kuwaiti Bourse Suspends 22 Firms - ASHARQ AL-AWSAT English Archive
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KUWAIT CITY (AFP) – The Kuwait Stock Exchange on Sunday suspended trading in stocks of 22 listed firms for failing to declare their first quarter results on time.

A statement posted on the KSE website said the companies — 15 of which are investment firms hit by the global financial crisis — failed to announce first quarter results within the stipulated 45 days.

The suspensions will end once companies announce results, it said.

KSE, the second-largest Arab stock market in terms of market value, has around 210 listed Kuwaiti and Gulf companies.

Among the suspended firms are troubled Investment Dar and Global Investment House.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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