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Court order closes Kuwait Stock Exchange after dramatic loss

Sahil Nagpal 13 November 2008

Court order closes Kuwait Stock Exchange after dramatic loss Kuwait - The oil-rich Gulf state of Kuwait halted its share trading by a court order on Thursday after significant losses on the Kuwait Stock Exchange (KSE), Kuwait news agency KUNA reported.

The court decision came to prevent further losses among traders, after the KSE price index fell to 8,691 points on Thursday, a drop of 160.1 points.

Director of KSE Saleh al-Falah was informed of the court's decision early Thursday, he said that the suspension will continue until November 17, KUNA reported.

The Kuwait Stock Exchange is among the first and largest stock exchanges in the Gulf region. (dpa)

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