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Discuss this article (0 Comments)Investors fail to stop trading on Kuwait market
by This email address is being protected from spam bots, you need Javascript enabled to view it on Wednesday, 26 November 2008
COURT RULING: Investors have failed in a second attempt to stop stock trading in Kuwait. (Getty Images)
A Kuwaiti court rejected on Wednesday an appeal by a group of investors who want trading on the slumping bourse suspended to avoid further losses, the state news agency KUNA reported.
Earlier this month, a group of investors won a court ruling to suspend dealings on the second-largest Arab stock market, which has lost more than 30 percent this year.
But dealings resumed after just over a day following a court's acceptance of a government appeal against the decision.
A final ruling is still pending in the case which will be heard in December, KUNA said. (Reuters)
Kuwait market closes lower after gov't walkout
UPDATE 7: Elsewhere, Arabtec continues surge, mixed fortunes for other indices.
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