Kuwait Regulator Extends Investment Rule Deadline, Kuna Says
Kuwait’s Capital Market Authority granted investment companies six months extra to March 12 next year to comply with guidelines for investment ratios in a single stock, KUNA said, citing a statement by the authority.
The delay is attributed to economic concerns and “the state of Kuwait’s Stock Exchange,” according to the statement, the state-run news agency reported.
Kuwait’s benchmark KSE Price Index plummeted 1.6 percent to 5,973.1, the lowest since September 2004, at the 12:30 p.m. close in Kuwait City yesterday. The measure has lost 14 percent this year.
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