Kuwait Stock Exchange
|State of Kuwait
Kuwait Stock Exchange
|سوق الكويت للأوراق المالية|
|Agency executive||Hamed Al Saif, Director General|
The Kuwait Stock Exchange (KSE) is the national stock market of The State of Kuwait. Although several share holding companies (such as NBK in 1952) existed in Kuwait prior to the creation of the KSE, it was not until October 1962 that a law was passed to organize the country's stock market.
The Kuwait Stock Exchange is also among the first and largest stock exchanges in the Persian Gulf region, and has gaining prominence as one of the most potentially important in the world.
- The Kuwait Stock Exchange shall enjoy an independent judicial personality with the right of litigation in a mode facilitating the performance of its functions for the purpose of realising the objectives of its organisation in the best manner within the scope of regulations and laws governing the Stock Exchange operations.
- The Stock Exchange shall within its activity act to direct and rationalise dealing in stocks and securities, within the scope of its powers in order to develop and stabilise dealing in securities in a manner securing safe, easy and accurate transactions so as to avoid any confusion in dealings.
- The Stock Exchange, in pursuance of the research and the studies concluded by it and its follow up of the security dealing process shall render appropriate advice and opinion to the competent government authorities regarding the financial status of the Stock Exchange member companies and means of promoting their efficiency for realisation of their relevant objectives.
- The Stock Exchange shall participate with the competent authorities in order to realise coordination and integration among the financial and the economic activities and the capital movement so as to assist in achieving the economic and the financial development and stability of the state.
- The Stock Exchange staff shall continue to develop the systems and the methods of dealing in securities, besides introducing modern techniques such as those applied in advanced stock markets for the purpose of achieving a sound financial position for the Kuwait Stock Exchange on both, regional and international levels.
- The Stock Exchange shall act to encourage saving, promote investment awareness among citizens, protect depositors and create means for investment of funds in securities, in a manner beneficial to the economy.
As of February 2009: