By: Ahmad Awad
Kuwait – Mubasher: Boursa Kuwait has obtained a preliminary approval from the Capital Markets Authority in Kuwait (CMA) for dividing Kuwait Stock Exchange (KSE) into three submarkets; first, main, and auction, CEO of Boursa Kuwait Securities Company Khaled Al-Khaled said.
A comprehensive study in detail is currently being prepared, with estimates for appliance to be in November 2017, the CEO told Mubasher on the sidelines of Euromoney Kuwait Conference on Tuesday.
Al-Khaled added that Boursa Kuwait is working in cooperation with the CMA to establish a structure for trading bonds and sukuk via OTC system.
The price limit for shares will be modified in the coming period from its current 5 price units, he noted.
Translated by: Ingy ElSafy
