Kuwait exchange to be renamed Boursa Kuwait and to have new daily fluctuation limit
Kuwait Stock Exchange to be renamed Boursa Kuwait, according to CEO Khaled Al Khaled. He said that Boursa Kuwait would have circuit breakers at every 5% and daily fluctuation limit would be set at 20% from November. The transitions at the Kuwait exchange are seen as a step ahead of possible IPO. The exchange is planning to introduce market makers, short selling and ETFs. It is also planning on creating a market for SMEs. The exchange expects trading volume to pick up from 2018 as reforms and new products are introduced. (Bloomberg)
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