Kuwait bourse halts trading in Global Investment House

Bourse suspends trading after company fails to release its Q1 results on time.
Kuwait bourse halts trading in Global Investment House
NO TRADE: The Kuwaiti bourse suspended trading in Global Investment House and 21 other firms. (Getty Images)
By Reuters
Sun 16 May 2010 10:17 AM

The Kuwaiti bourse suspended trading in the shares of Global Investment House, for failing to release its first-quarter results on time.

The bourse suspended trading in 21 other firms, it said in a statement on Sunday.

Trading in Global's shares will resume once the firm releases its results.

Stocks have previously been halted for several days in the Kuwaiti bourse because companies had not published earnings. Trading usually resumes minutes after posting the financial results on the bourse website. (Reuters)

For all the latest business 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.

Subscribe to our Newsletter

Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.