Kuwait's stock exchange will introduce a limit of 20 per cent for the maximum daily rise or fall of individual stocks by November, Khaled Abdulrazzaq al-Khaled, chief executive of Boursa Kuwait, which operates the exchange, said on Tuesday.
Saudi Arabia will set relatively low listing requirements for its second stock market in order to draw smaller companies to the bourse, which it aims to launch at the end of February next year, regulators have told securities firms.
Abu Dhabi Securities Market (ADX) and Abu Dhabi Global Market (ADGM) have entered into an agreement to foster bilateral cooperation.
The Memorandum of Understanding (MoU) was signed at ADGM Office today (July 24) by Hamad Abdullah
Saudi Arabia's market regulator raised the commission on trades on the kingdom's Tadawul stock exchange, which is seeking to attract foreign investors and sell state assets.
As well as raising the commission from 12 basis
Middle Eastern securities exchanges have announced plans to close for upcoming Eid al-Fitr holidays.
The Saudi Stock Exchange will be closed throughout next week and reopen on Sunday, July 10.
The Dubai, Kuwait and
Saudi Arabia plans to let foreign institutional investors buy exchange-listed debt instruments as part of reforms intended to draw more foreign money into its markets, the Capital Market Authority (CMA) said on Wednesday.
Qatar First Bank (QFB), a leading Shari’ah compliant bank has announced plans to list its shares on Qatar Stock Exchange on Wednesday (April 27). This is the first listing of a private sector entity on the QSE in six years.
Qatar Stock Exchange said it has recently joined the United Nations Sustainable Stock Exchanges (SSE) initiative and signed the voluntary commitment to advancing sustainability performance, transparency, and governance practices in QSE market.
Dubai and Abu Dhabi's bourses both tumbled more than 3 per cent to 28-month lows on Wednesday, wiping out the previous day's rebound as investors cashed out on renewed worries over low oil prices and a global equity market rout.
The Qatari owners of Italian fashion house Valentino have invited banks to pitch for the advisory roles on a stock market listing as they seek an exit from one of the world's most glamorous brands, sources familiar with the plan said.