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Court orders suspension of KSE trade

By Abdullah Al-Mirshed (with KUWAIT-KSE-SUSPENSION) KUWAIT, Nov 13 (KUNA) -- The Court of First Instance Thursday ordered suspension of transactions at Kuwait Stock Exchange till a legal case filed in this regard is considered, November 17.
The court ruling, issued by Chief Justice Najib Al-Majid, also included delay in dates for forward transactions till the case is reviewed.
Lawyers Khalid Al-Awadhi and Walid Al-Hadlaq had filed a case October 8 against the prime minister, against the minister of commerce and industry and chairman of the KSE committee, and head of KSE, in their official capacities. They demanded trade be halted till measures are taken to check losses at the exchange.
The court had in a session October 10 set today for issue of ruling on this issue. (end) amn.wsa KUNA 131158 Nov 08NNNN