Boursa Kuwait highlights investment opportunities; made changes to its trading mechanism

SourceZawya
SectorEconomy
CountryKuwait

Boursa Kuwait has made changes to its trading mechanism to accommodate the inclusion in the MSCI Emerging Markets Index with an extension of the Closing Auction and Trade at Last sessions on the day of Inclusion, as well as an extension on Custodian Rejections.Permanent fixtures in the exchange’s trading mechanisms going forward also include the introduction of allocation accounts and the removal of the fresh money rule (Netting) on an investor level. Boursa Kuwait was participating in a webinar organised by financial services company HSBC with the participation of the Capital Markets Authority to highlight updates and final preparations for the Kuwaiti capital market’s promotion to MSCI Emerging Markets in the November EM inclusion. Boursa Kuwait recently listed its shares on the country’s financial market to become the first fully privatised bourse ...read more...