The Kuwait Stock Exchange on Sunday suspended trading in stocks of 22 listed firms for failing to declare their first quarter results on time. A statement posted on the KSE website said the companies - 15 of which are investment firms hit by the global financial crisis - failed to announce first quarter results within the stipulated 45 days.
The suspensions will end once companies announce results, it said. KSE, the second-largest Arab stock market in terms of market value, has around 210 listed Kuwaiti and Gulf companies. Among the suspended firms are troubled Investment Dar and Global Investment House.