Reuters: Financial Services and Real Estate: Kuwait bourse says suspends trade in 19 more firms

Reuters: Financial Services and Real Estate Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Kuwait bourse says suspends trade in 19 more firms Apr 1st 2012, 14:17 KUWAIT, April 1 | Sun Apr 1, 2012 10:17am EDT KUWAIT, April 1 (Reuters) - Kuwait's stock exchange said it had suspended trading in the shares of 19 more companies on Sunday after they failed to report earnings on time. The companies - several involved in real estate - join 12 other firms which were suspended earlier this year. The new companies on the list included investment group Al-Ahlia Holding and International Financial Advisors . The list, which now totals 31 companies, already included Investment Dar, which brought half of luxury British carmaker Aston Martin for 479 million pounds ($751.7 million) in 2007 and International Investment Group, which defaulted on a $200 million Islamic bond in April 2010. Global Investment House, whose largest shareholders are the governments of Kuwait and Dubai, was also on the list, according to a statement on the Kuwait stock exchange website. www.kse.com.kw/ Kuwait's markets watchdog warned several companies last month that they would be delisted. ID:nL5E8DG325] (Reporting by Ahmed Hagagy; Writing by Sylvia Westall; Editing by Greg Mahlich)

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