Nairobi, Jan. 20 -- A Kenya Airways shareholder has challenged the extension of the suspension of the national carrier from trading at the Nairobi Securities Exchange (NSE) for another one year.

The Capital Markets Authority (CMA) announced the extension of the trading freeze on KQ for an additional year, the sixth time in a row.

Mihr Samir Thakar says in the appeal filed at the Capital Markets Tribunal that the additional one year is unreasonable and unjustified.

The suspension of KQ's shares from trading has trapped more than 77,000 small investors, who are unable to liquidate all or part of their portfolio should they wish to.

Read: KQ forecasts still grim, despite reduction in losses

"That the Respondent (CMA) erred in law and in...