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Boursa Kuwait

From Wikipedia - Reading time: 6 min
Boursa Kuwait Securities Co.
بورصة الكويت
Agency overview
Jurisdiction Kuwait
HeadquartersKuwait City
29°22′40″N 47°58′33″E / 29.37778°N 47.97583°E / 29.37778; 47.97583
Websitewww.boursakuwait.com.kw

Boursa Kuwait Securities Co., is the private-sector corporate owner and operator of the Kuwait Stock Exchange (KSE), the national stock market of Kuwait.[1]

History

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Kuwait Stock Exchange

Although several share holding companies (such as National Bank of Kuwait (NBK) in 1952) existed in Kuwait prior to the creation of the Kuwait Stock Exchange, it was not until October 1962 that a law was passed to organize the country's stock market. In April 1977, the stock exchange was initiated, and it was named as the Kuwait Stock Exchange (KSE) in 1983.[2][3]

The stock market in Kuwait is regulated by four bodies: the KSE, the Ministry of Commerce and Industry, the Ministry of Finance and the Central Bank of Kuwait.[2]

On April 24, 2016, the Kuwait Stock Exchange became fully operated by a private company and its name changed to Boursa Kuwait, making it the only stock exchange in the Middle East owned by the private sector.[4][5][6]

On September 14, 2020, the Boursa Kuwait Securities Co. was listed on Boursa Kuwait,[7] becoming a self-listed exchange.[8]

Boursa Kuwait was a member of the Federation of Euro-Asian Stock Exchanges.[9]

See also

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References

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  1. ^ "About Boursa Kuwait". boursakuwait.com.kw. Retrieved 30 October 2022.
  2. ^ a b Nabeel Al Loughani; David Chappell (2001). "Modelling the day-of-the-week effect in the Kuwait Stock Exchange: a nonlinear GARCH representation". Applied Financial Economics. 11 (4): 353. doi:10.1080/096031001300313910.
  3. ^ Kuwait Banking & Financial Market Handbook. Int'l Business Publications. 7 February 2007. p. 65. ISBN 978-1-4330-2831-1.
  4. ^ "Kuwait bourse attracts attention with upgrades aiming to transform capital markets". Oxford Business Group. 2018-12-03. Retrieved 2021-10-15.
  5. ^ "Boursa Kuwait takes over KSE operations - The start of a new era for Kuwait's financial market". Kuwait Times. 2016-04-25. Archived from the original on 2016-04-26. Retrieved 2021-10-15.
  6. ^ "About Boursa Kuwait". Boursa Kuwait. Retrieved 2021-10-15.
  7. ^ "BOURSA | Boursa Kuwait Securities Co. Stock Overview (Kuwait Stock Exchange)". Barron's. Retrieved 30 October 2022.
  8. ^ "بهذا التوقيت.. إدراج شركة بورصة الكويت بالسوق الأول". Alarabiya (in Arabic). 2020-09-07. Retrieved 2021-10-15.
  9. ^ "FEAS MEMBERS".
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