Court Orders Closure of the Kuwait Stock Exchange

October 28, 20080

Trading on the Kuwait Stock Exchange was halted on Thursday 23 October 2008 after a court ordered the stock market’s closure, as investor worries about greater losses mounted amid a fall out from the global financial crisis.

The Ruling by the Administrative Court in Kuwait City stemmed from a lawsuit filed by Attorney Adel Abdul Hadi on behalf of two stock brokers looking to halt recent steep declines in the region’s second largest stock market.

More readings:

Al Qabas- Halting Stock Exchange

AFP – Trading halted at Kuwait bourse on court order

Bloomberg – Kuwaiti Stock Exchange Stops Trading on Court Order

Arab Finance – Trading halted at Kuwait bourse after court order

Middle East Online – Trading halted at Kuwait bourse after court order

 

Leave a Reply

Your email address will not be published. Required fields are marked *