As the international financial crunch continues to hit Persian Gulf markets, trade at the Kuwait Stock Exchange was halted by a Kuwaiti court ruling today in an effort to curb the slump in the market’s slide, according to Kuwait’s official news agency KUNA.
The unprecedented ruling will be maintained until Nov. 17, when the court will review its decision aimed at preventing massive losses among small investors in this rich small emirate, which is the fourth-largest oil producer in the world.
The unprecedented ruling will be maintained until Nov. 17, when the court will review its decision aimed at preventing massive losses among small investors in this rich small emirate, which is the fourth-largest oil producer in the world.
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