Trading in Kuwait's Agility halted on media report

By Diana Elias
  • Thursday, 5 August 2010 11:02 AM
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STOCK WATCH: Kuwait's Agility has stopped trading shares. (Getty Images).

STOCK WATCH: Kuwait's Agility has stopped trading shares. (Getty Images).

Trading in Kuwait's logistics firm Agility was halted on Thursday on a media report that US prosecutors were going to drop fraud charges against it.

The bourse did not mention the report in its brief statement, but Al-Watan daily quoted the Middle East Economic Digest (MEED) magazine as saying the company said US prosecutors were dismissing the charges.Company officials could not be immediately reached for comment.

Agility, formerly Public Warehousing Co KSC (PWC), was dropped from supplying food to the US Army in Iraq, Kuwait and Jordan after the charges surfaced last year.(Reuters)

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