KUWAIT: Modernizing the infrastructure of Boursa Kuwait (the Kuwaiti stock exchange) in line with the international criteria is ‘a priority’ for building a strong, transparent, and fair capital market serving all investment assets related to securities. Boursa Kuwait Company CEO Khaled Al-Khaled made the statement in an interview with KUNA yesterday, a day after the stock exchange applied the second phase of revamping the bourse with a new system dividing the market into three sub-ones, Premier, Main, and Auctions.
The company is working on a host of world-class products and services; short selling, marginal lending, market maker, trading in investment funds and derivatives, Al-Khaled added. To avoid risks, these products will be launched to increase liquidity on the market once the necessary infrastructure is in place. Al-Khaled noted that the bourse is hard at work to lure international, family and government companies to the market, as well as public-private partnerships firms. He said that the launch of the second phase of developing the bourse on Sunday offered more flexible listing rules. According to the CEO, each sub-market has a particular listing requirements, except for auctions.