Boursa Kuwait Securities Co., is the

private-sector The private sector is the part of the economy, sometimes referred to as the citizen sector, which is owned by private groups, usually as a means of establishment for profit or non profit, rather than being owned by the government. Employment Th ...

corporate owner and operator of the Kuwait Stock Exchange (KSE), the national

stock market A stock market, equity market, or share market is the aggregation of buyers and sellers of stocks (also called shares), which represent ownership claims on businesses; these may include ''securities'' listed on a public stock exchange, ...

Kuwait Kuwait (; ar, الكويت ', or ), officially the State of Kuwait ( ar, دولة الكويت '), is a country in Western Asia. It is situated in the northern edge of Eastern Arabia at the tip of the Persian Gulf, bordering Iraq to Iraq–Ku ...

History

Although several share holding companies (such as

National Bank of Kuwait The National Bank of Kuwait (NBK) was founded in 1952. It is the largest financial institution in Kuwait. With branches and subsidiaries in China, Geneva, London, Paris, New York and Singapore. And a regional presence across the Middle East in ...

(NBK) in 1952) existed in Kuwait prior to the creation of the Kuwait Stock Exchange, it was not until October 1962 that a law was passed to organize the country's stock market. In April 1977, the stock exchange was initiated and it was named as the Kuwait Stock Exchange (KSE) in 1983. The stock market in Kuwait is regulated by four bodies: the KSE, the

Ministry of Commerce and Industry A Ministry of Trade and Industry, Ministry of Commerce, Ministry of Commerce and Industry or variations is a ministry that is concerned with a nation's trade, industry and commerce. Notable examples are: List *Algeria: Ministry of Industry and ...

, the

Ministry of Finance A ministry of finance is a part of the government in most countries that is responsible for matters related to the finance. Lists of current ministries of finance Named "Ministry" * Ministry of Finance (Afghanistan) * Ministry of Finance and Ec ...

and the

Central Bank of Kuwait Central is an adjective usually referring to being in the center of some place or (mathematical) object. Central may also refer to: Directions and generalised locations * Central Africa, a region in the centre of Africa continent, also known as ...

. On April 24, 2016, the Kuwait Stock Exchange became fully operated by a private company and its name changed to Boursa Kuwait, making it the only stock exchange in the Middle East owned by the private sector. On September 14, 2020, the Boursa Kuwait Securities Co. was listed on Boursa Kuwait, becoming a self-listed exchange. Boursa Kuwait is a member of the Federation of Euro-Asian Stock Exchanges.

References

External links

Boursa Kuwait Official WebsiteKuwait Stock Exchange former websiteBoursa Kuwait Listed Companies
{{DEFAULTSORT:Boursa Kuwait 1983 establishments in Kuwait Organizations established in 1983 Economy of Kuwait Stock exchanges in the Middle East Stock exchanges in Asia Companies based in Kuwait City

History

See also

References

External links