Kuwait Bourse Suspends 17 Firms for Not Posting Results
The Kuwait Stock Exchange on Monday suspended trading in the shares of 17 listed firms for failing to report their annual financial results on time, a statement said.
The companies, 10 of them investment firms, violated a rule that requires them to post their results of the previous year within three months, a statement posted on KSE website said.
A number of the companies had already been banned from trading for previous periods for the same reason.
KSE, the third largest Arab bourse in market value after Saudi Arabia and Qatar, lists around 204 Kuwaiti and Gulf companies and has a capitalization of $102 billion.
Source: Agence France Presse
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