Boursa Kuwait raises awareness on the importance and benefits of robust ESG reporting. Reaffirming its commitment to building a sustainable capital market for both issuers and investors, Boursa Kuwait recently hosted a seminar in collaboration with MSCI Inc. to raise awareness of the assessment metrics and benchmarks of MSCI ESG Ratings. Senior officials of the Capital Markets Authority (CMA) and nearly 250 key executives of listed as well as major companies.
Boursa Kuwait advances market segmentation with launch of BK Main 50 Index which is based on a market cap-weighted price return criterion and will represent the most liquid 50 securities in the Main Market.
The BK Main 50 Index will classify securities according to the index’s methodology, published on the Boursa Kuwait website. Companies will be included or excluded based on the calculation of the average daily traded value (ADTV), which signifies liquidity.
The Index constituents will be reviewed annually based on their average daily traded value (ADTV), which will be published simultaneously with Market Segmentation results. The results of the review will be announced on the second Sunday of January and take effect on the second Sunday of February. The base value and the denomination of the Index will be 5000 points and Kuwaiti Dinars respectively.
In line with its longstanding partnership with the Middle East Investor Relations Association (MEIRA) and its Kuwait chapter, and as part of its commitment to playing a vital role in the development of the practice of investor relations, Boursa Kuwait sponsored the ‘2020 MEIRA Virtual Annual Conference and Awards’ event, themed MEIRA 20/20 Vision: Driving Stakeholder Value. Sponsored by Boursa Kuwait, the panel session ‘Kuwait IR Challenge: Facing the Pandemic’ was addressed by Fahad Al-Besher, Director of Investor Relations at Boursa Kuwait, who shed light on the swift actions taken by the exchange in general throughout the pandemic, and by the Investor Relations department specifically, to ensure minimal ramifications on all stakeholders and their interests.
In preparation for Kuwait’s inclusion in the MSCI Emerging Markets index, Boursa Kuwait was introducing a series of measures in collaboration with the Kuwait Clearing Company. Some of these measures will be temporary and apply on the late November inclusion date only, while some will become a permanent part of the trading mechanism going forward. Starting today, Sunday, November 8, Boursa Kuwait and the Kuwait Clearing Company will be making permanent changes to the trading mechanism with the introduction of Allocation Consolidation Module (ACM) accounts. An ACM account is a specialized mechanism for managers of large assets to aggregate orders while settlement happens on the individual’s mandated accounts at the end of the trading session.
Boursa Kuwait organized a virtual Corporate Day in collaboration with Morgan Stanley, one of the largest banking and financial services institutions in the world, from 18 until 19 November 2020. The conference, was to highlight Boursa Kuwait’s recent developments, milestones, financial information and business outlook to prospective investors. The virtual event brought the recently listed exchange in contact with investors from the United States, Europe and Asia, who were keen to find out the latest developments of the first stock exchange in the region fully owned by the private sector. Representatives from the company showcased its financial data and reviewed the company’s plans to develop a more transparent and solvent capital market through the implementation of a group of enhancements and regulatory projects as well as the technology to raise the capital market’s profile locally, regionally and around the world.
In terms of market future developments, we are going to introduceth the following products:
> ETF’s
> Fixed Income
> Tradable rights issue
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Yearbook 2020
Boursa Kuwait
Mr Mohammad Al Osaimi
Chief Executive Officer
Established: April 21st, 2014
Chairman: Mr. Hamad Mishari Al-Humaidhi
CEO: Mr. Mohammad Al Osaimi
Address: Mubarak Al Kabeer Street, AlSharq, Kuwait
P.O.Box 22235 Safat, 13083 Kuwait
Email: [email protected]
Website: https://www.boursakuwait.com.kw/
About Boursa Kuwait
About Company
Established: April 21st, 2014
Chairman: Mr. Hamad Mishari Al-Humaidhi
CEO: Mr. Mohammad Al Osaimi
Address: Mubarak Al Kabeer Street, AlSharq, Kuwait
P.O.Box 22235 Safat, 13083 Kuwait
Email: [email protected]
Website: https://www.boursakuwait.com.kw/
- Joined FEAS in 2018-