File - Kuwaiti traders follow the market’s movement at the Stock Exchange in Kuwait City on December 1, 2008. (AFP PHOTO/YASSER AL-ZAYYAT)
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Kuwait's bourse fell to a six-week low Sunday, as the suspension of several companies for failing to comply with listing regulations prompted retail investors to sell.The Kuwaiti regulator suspended trading in three companies, two of which saw their losses exceed 75 percent of capital.Kuwait is the worst-performing market in the Gulf Cooperation Council this year.In the United Arab Emirates, Abu Dhabi National Energy Company (TAQA) tumbled 4.7 percent after announcing a consortium in which it owns 51 percent would buy two Indian hydroelectric power plants in a deal worth $1.6 billion.A company named Marka, describing itself as a "retail and F&B company," said Saturday that it planned to conduct the first initial public offer on Dubai's main stock market for five years in a 275 million dirham ($75 million) deal.
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