Kuwait’s Stock Exchange to Modernize in Bid to Lure Investors
- Bourse aims to offer ETFs, options, futures and OTC platform
- Expects to shorten formal process for foreign investors
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Kuwait’s stock exchange is increasing its efforts to attract investors by reforming its trading infrastructure and introducing products such as stock options and futures.
Boursa Kuwait, as the stock exchange is known, is currently working with the local capital markets authority and settlement and clearing bodies to revamp its infrastructure, it said in an e-mail response to questions from Bloomberg News. It may introduce a new process regarding settlement cycles, clearing methods and trade-settlement issues that arise from failures, it said, without giving a timeline.