We would call it a banana republic. But that would have been inaccurate.
Via Alea, the below, from AFP:
KUWAIT CITY (AFP) – Trading at the Kuwait Stock Exchange, the second largest Arab bourse, was halted Thursday following an unprecedented court order aimed at curbing the market’s slide and preventing massive losses among small investors.
“The administrative court ordered that trading be suspended immediately at the bourse until November 17 when the court will sit again to look into the issue,” said the ruling, a copy of which was obtained by AFP.
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The court issued its ruling after a lawsuit filed by lawyer Adel Abdulhadi on behalf of an investor who claimed he had incurred heavy losses on the Kuwait market over the past few weeks.
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Traders celebrated the decision with shouts of “long live small traders, thank you lawyer,” an AFP photographer said.