Dubai Financial Market (DFM) and Abu Dhabi Securities Exchange (ADX) temporarily suspended trading in shares of companies for not submitting preliminary financial results for 2016.
DFM suspended trading in shares of Kuwait's Agility for not submitting its preliminary financial results for 2016. The company, one of the Gulf's largest logistics firms, is listed on the Dubai and Kuwait bourses.
Meanwhile, ADX said on Wednesday it had temporarily suspended trading in shares of Abu Dhabi National Energy Co because the company had not yet released its annual financial statement. The Abu Dhabi market also halted trading in shares of Qatar's Ooredoo for the same reason, it said.
UAE-listed companies are required to disclose their annual earnings results within 45 days from the end of the fourth quarter.For all the latest market news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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