State of Kuwait
Boursa Kuwait
بورصة الكويت
Agency overview
JurisdictionKuwait
HeadquartersKuwait City Kuwait
Coordinates: 29°22′40″N 47°58′33″E / 29.37778°N 47.97583°E / 29.37778; 47.97583
Agency executive
  • Hamed Al Saif, Director General
Websitewww.boursakuwait.com.kw

Boursa Kuwait, formerly the Kuwait Stock Exchange (KSE), is the national stock market of Kuwait.

History

Kuwait Stock Exchange
Kuwait Stock Exchange

Although several share holding companies (such as 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.[1][2]

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.[1] The KSE is also among the first and largest stock exchanges in the Persian Gulf region.[citation needed]

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.[3][4][5]

On September 14, 2020, the Boursa Kuwait Company was listed on Boursa Kuwait, becoming a self-listed exhange.[6]

Boursa Kuwait is a member of the Federation of Euro-Asian Stock Exchanges.[7]

See also

References

  1. ^ 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.
  2. ^ Kuwait Banking & Financial Market Handbook. Int'l Business Publications. 7 February 2007. p. 65. ISBN 978-1-4330-2831-1. Retrieved 10 September 2014.
  3. ^ "Kuwait bourse attracts attention with upgrades aiming to transform capital markets". Oxford Business Group. 2018-12-03. Retrieved 2021-10-15.
  4. ^ "Boursa Kuwait takes over KSE operations - The start of a new era for Kuwait's financial market". Kuwait Times. 2016-04-25. Retrieved 2021-10-15.
  5. ^ "About Boursa Kuwait". Boursa Kuwait. Retrieved 2021-10-15.
  6. ^ "بهذا التوقيت.. إدراج شركة بورصة الكويت بالسوق الأول". Alarabiya (in Arabic). 2020-09-07. Retrieved 2021-10-15.
  7. ^ "Members' Profiles". FEAS. Retrieved 2021-11-07.