Kuwait Stock Exchange(KSE)

The Kuwait Stock Exchange is the national stock market of Kuwait. Although several share holding companies (such as NBK in 1952) existed in Kuwait prior to the creation of the KSE, it was not until October 62 a law was passed to organize the nation's stock market. A share with a value of 300 fils cannot increase more than 325 fils or decrease less than 275 fils daily during its daily trading.

The KSE is claim they are committed to becoming a World Class Stock Exchange offering unique investment opportunities in a fast developing capital market within the industrialising Kuwaiti economy.

HOW TO INVEST IN KSE

Trading Cycle

A - Open an account at the Kuwait Clearing Company (KCC).
B- A Copy of the civil identification, the name of the bank the client deals with (3 K.D for individuals, 5 K.D for corporates).
C- Choose one of the registered Brokerage Firms in KSE.
D- When issuing a selling order, share certificates should be presented the following day after the transaction.
E- When issuing a buying order, payment should be submitted to the broker the following day before 11:00 am if the client’s balance with KCC is insufficient.
F- Commission is calculated 1.250 K.D for each one Thousand K.D, commission is calculated 1 K.D for each one Thousand K.D for transaction of Fifty Thousand Kuwati .Dinar and above.
G- A cheque will be issued by KCC in favor of the client every Saturday and Tuesday.
H- KSE account is accredited 500 fils for each executed transaction.
I- Share prices can fluctuate 5 pricing units daily according to its category.

TRADING HOURS :

Order Acceptance
08:50 am

Pre-Auction
08:59 am

Open and Continuous Trading
09:00 am

Regular Close
12:30 noon

Forward Quote Entry
12:32 after noon

Forward Trading 12:55 after noon
Forward Close 13:15 after noon

They say they have a trading, information system, skilled resources, accessibility and a fair and orderly marketplace that ranks with the best in the world.

The KSE is well-poised to make this vision a reality.
The KSE, are responsible for promoting the growth of the Kuwaiti capital market. In doing so, we are deeply committed to furthering the interests of the investing community, our members, business and industry, the government and nation, and our employees.

The Kuwait Stock Exchange is also the first, largest, and most important stock exchanges in the Gulf region, and is also one of the most important in the world.

http://www.kuwaitse.com/ Kuwait Stock Exchange official website

The National Bank of Kuwait first opened in Kuwait in 1952 to become the first national bank in the Gulf Region. NBK is the largest financial institution in Kuwait and one of the leading banks in the middle east with branches in New York,London, Paris, Geneva, Beirut, Jordan, Bahrain, Qatar and Singapore. Having capital resources of over $2.2 billion it is ranked in the top 300 banks of the world and fifth among arab banks. With capital resources exceeding KD 654 million ($2.2 billion), NBK is ranked amongst the top 300 banks in the world and the fifth amongst Arab banks. NBK reported a record net profit of $510 million (a 24% increase over the prior year) with a return on equity of 30%, a return on assets of 2.7% and total assets of $18.9 billion. NBK has consistently received the highest all-round credit rating awarded to any bank in the Middle East and the emerging markets by the major rating agencies including Moody's, Standard & Poor's, Fitch Ratings, and Capital Intelligence.

The State of Kuwait is a small oil-rich monarchy on the coast of the Persian Gulf, enclosed by Saudi Arabia in the south and Iraq in the north. The name is a diminutive of an Arabic word meaning "fortress built near water." Independence From the UK June 19, 1961. Population: 2005 est. 2,687,0001 (137th)
GDP (PPP) 2005 estimate: Total $53.31 billion

Although the dinar is the highest value currency on the planet, the nation is surprisingly not very wealthy considering the potnetial from oil finances. The nation is not a democracy and it may be the closed nature of the economy, run by an unelected government. is holding back the economy.

Kuwait consists mostly of desert, with little altitude difference. Kuwait is the only country in the world with no natural lake or water reservoir. It has nine islands, the largest one being Bubiyan, which is linked to the mainland by a concrete bridge (after the liberation in 1991 the island was converted into a military base and currently no civilians are allowed in). The islands are:Auhah Island, Bubiyan Island, Failaka Island, Kubbar Island, Miskan Island, Qaruh Island, Umm al Maradim Island, Umm an Namil Island & Warbah Island. Kuwait's climate limits agricultural development. Consequently, with an exception of fish, it depends almost wholly on food imports. About 75% of potable water must be distilled or imported. Higher oil prices put the FY99/00 budget into a €1.7 billion ($2 billion) surplus. The FY00/01 budget covers only nine months because of a change in the fiscal year.

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