Boursa Kuwait reviews trading rules

Company publishes draft of proposed new rules on website for public consultation

Boursa Kuwait, a private entity which is managing the Kuwait Stock Exchange's (KSE) operations, is reviewing its trading rules and has placed a draft copy of the proposed new rules on its website for a market-wide public consultation.

The consultation will run until 9 February when feedback will be collated and input into the final version.

The launch of the future trading rules draft and consultation exercise supports Boursa Kuwait's efforts to establish a transparent approach in all its market related developments, it said. 

The exercise will allow stakeholders to engage directly with Boursa Kuwait by sharing perspectives and opinions on the contents of the document.

Commenting on the event, Boursa Kuwait vice chairman and chief executive Khaled Abdulrazzaq al Khaled said: "Revising our trading rules is an important and significant step towards improving our market performance and supporting the needs of our clients."

"By sharing this with our stakeholders, we are gauging the degree to which this draft addresses market needs and sentiment accurately and, more importantly, it allows us to directly take market guidance into account in producing the final draft," he noted.

"This is an ideal process which allows us to introduce a series of successful tools and solutions in the short and long term, and ensure that transparency remains at the core of all our operations," he noted.

Boursa Kuwait says it was created by the Kuwaiti government to develop a wide pool of internal resources and expertise to create a modern stock exchange that operates to world-class standards. -TradeArabia News Service