Monday, November 17, 2008

Kuwaiti court orders stock exchange closed


KUWAIT CITY: A Kuwaiti court on Thursday ordered the temporary closure of the country's plummeting stock exchange, and the order went into effect within an hour. The ruling by the Administrative Court in Kuwait City stemmed from a lawsuit filed by attorney Adel al-Abdul Hadi on behalf of two stockbrokers concerned about the steep falls in the Kuwait Stock Exchange. The court's order was to take effect immediately and continue until the next court hearing Nov. 17. linke....

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