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Kuwait bourse to introduce stock swing limit

KUWAIT, September 27, 2016

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.

The exchange will also introduce a circuit breaker mechanism providing for brief halts in trade with every move of 5 per cent, he added. The new rules will replace the current range of limits for stock movements; these limits vary depending on the level of stock prices.

Boursa Kuwait is working with the regulator to begin establishing a secondary market for small and medium-sized enterprises that would open in 2017, Khaled told reporters. – Reuters

Tags: Kuwait | Stock Exchange |

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