Kuwait bourse may suspend trading of 47 firms

The Kuwait Stock Exchange says it will halt the trading of listed firms that fail to submit their financial report by Wednesday morning. (AFP)

Published Tuesday, March 31, 2009

By Reuters

Kuwait's bourse will halt trading of 47 listed companies, among them the country's biggest investment bank Global Investment House, if they do not report their 2008 earnings by Wednesday, it said.

"Trading in the shares of these companies will be halted, if the annual financial reports (for 2008) are not submitted by 0830 on Wednesday morning," the bourse said on a statement on its website (www.kuwaitse.com) on Tuesday.

Global Investment House and Islamic rival Investment Dar Co, and many other investment firms are among the companies facing a trading suspension.

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