The Kuwait Stock Exchange (KSE), also known as Boursa Kuwait, announced today, in a statement on its official website, that trading on the stocks of Kuwait’s Al Ahli Bank will resume until further directions from the Capital Markets Authority are issued.
According to KSE, the decision to lift the suspension of trading on Al Ahli’s stocks came after a complaint has been lodged by the bank with the Kuwait Capital Markets Authority (CMA).
KSE decided yesterday, starting Monday, to suspend trading on Al Ahli’s stocks for ten days.
Moreover, the statement noted that the suspension was prompted by the bank’s violation of certain articles of the stock exchange official rules pertaining to stock entitlements. KSE further explained that Al Ahli did not commit to clarifying the benefits announcement or any changes in the schedule eight working days before the due date of May 11, i.e. on April 24, but rather on April 25.
