MIDEAST STOCKS-Kuwait hits 6-wk low on stock suspensions; most of region retreats | Reuters:
"* Kuwaiti regulator crackdown hits market liquidity
* Egypt volatile as "euphoric" retail investors dominate
* Saudi real estate developer Jabal Omar soars
* Abu Dhabi's TAQA tumbles after Indian acquisition
* Qatar's Mesaieed plunges 10 pct for second day
By Nadia Saleem
DUBAI, March 2 (Reuters) - Kuwait's bourse fell to a six-week low on Sunday as the suspension of several companies for failing to comply with listing regulations prompted retail investors to sell. Most other regional share markets also declined.
The Kuwaiti regulator suspended trading in three companies, two of which saw their losses exceed 75 percent of capital. The move came sooner than expected; in the past, the regulator has often waited until the end of March before suspending companies which infringed rules at the end of the past year, traders said.
The Capital Market Authority has launched a drive to clean up the market, but its stricter approach may in the short term at least hurt sentiment in a market that has been largely retail-driven."
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