Sunday 3 April 2011

Dubai's Shuaa in Tunisian 123-firm trading freeze | Reuters

Tunisia has ordered its brokerages to suspend securities trading by 123 firms, sources said, including Dubai's Shuaa Capital and the parent companies of at least two publicly listed Tunisian firms.

The firms were named in a confidential list issued at the end of February by Tunisia's financial authorities. They are trying to pry loose the grip of overthrown President Zine Al-Abidine Ben Ali's extended family on the North African country's economy.

"We were told not to let these companies invest or withdraw money from their trading accounts. Their accounts are frozen," a Tunis-based broker told Reuters.

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