As part of its ongoing efforts to further contribute to the development of Kuwait’s capital market, Boursa Kuwait organized a consultation workshop regarding derivatives, which was attended by representatives of listed and non-listed investment companies and brokerage firms.
This consultation, where the specifications and conditions associated to derivatives was discussed, falls in line with Boursa Kuwait’s strategy to diversify products and increase liquidity, the latter of which is a key pillar that supports the development of a more attractive investment platform.
Derivatives will be launched as part of phase four of the Market Developments plan, which was initiated by Boursa Kuwait in 2017 in collaboration with the Capital Markets Authority and the Kuwait Clearing Company. The launch will follow an integrated study of derivatives conducted by Boursa Kuwait, alongside investment companies and other strategic stakeholders. During the session, Boursa Kuwait conducted polls and held a Q&A session where those involved raised their comments and concerns.
Ms. Noura Al-Abdulkareem, Acting Head of Markets Sector at Boursa Kuwait, said: “There is no doubt that the trading of derivatives will play a pivotal role in the development of the Kuwaiti capital market. Over the past few years, we have made a substantial difference at Boursa Kuwait and we continue to pioneer this journey of growth and raise the profile of the stock market regionally and internationally. We are constantly expanding our portfolio of products and services, and offering more promising investment opportunities to increase market liquidity. At Boursa Kuwait, we strive to contribute to the development of Kuwait’s economy and participate in the achievement of the country’s development goals.”
This workshop is one of a series of workshops held by Boursa Kuwait in an effort to reinforce the importance of transparency and communication with market participants and the provision of world-class products and services, by discussing market development plans with relevant stakeholders.