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Wednesday , August 17 2022

Kuwait Stock Exchange will resume some of its suspended operations starting from Sunday

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KUWAIT, June 26: Boursa Kuwait announced on Friday it obtained an approval from the Capital Market Authority to resume some operations that had been suspended due to outbreak of the novel coronavirus (COVID-19).
The bourse said in a statement resumption of these operations would kick off with transfer of private properties of the official market effective Sunday, whereby the service would be available online.

Stakeholders should request the bourse approval for the property transfer.
System of unlisted securities (OTC) will be reactivated as of July 9 (Thursday), with no changes as to work hours. Moreover, property transfer of the unlisted securties will resume online.

The bourse affirmed the decision to resume the frozen operations was intended to contribute to efforts for boosting the economy and investments, concurrently with the new phases of the government scheme for restoration of normal life.
It affirmed its adherence to the term that a minimum number of staff should physically show up at work.(KUNA)

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