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Boursa Kuwait halts stocks from trading

Boursa Kuwait halts stocks from trading
Ithmaar Holding is listed on three stock markets
Ithmaar Holding
ITHMR
-1.51% 0.07 -0.00
Yiaco
YIACO
-9.89% 66.50 -7.30
TAMKEEN
TAMKEEN
-100.00% 16.00 -16.00

REAM
REAM
-10.00% 95.40 -10.60
JIYAD
JIYAD
1.63% 43.70 0.70
EFFECT
EFFECT
0.99% 20.50 0.20

Mubasher: Boursa Kuwait announced that it has suspended trading on the stocks of Tamkeen Holding Co and Ream Real Estate Co as they had not submitted the financial statements for the period ended on 30 June 2019.

Moreover, Ithmaar Holding and Yiaco Medical Company were stopped from trading as their losses exceeded 75% of capital, Boursa Kuwait disclosed on Wednesday.

It is worth noting that Ithmaar Holding is listed on three stock markets, namely Bahrain Bourse (BHB), the Dubai Financial Market (DFM), and Boursa Kuwait.

Earlier this month, the stock of Effect Real Estate Company was suspended from trading because of the company's liquidation.

In August 2019, the trading on Jiyad Holding Co’s stock was halted subject to the decision of Kuwait’s Capital Markets Authority (CMA).