The Kuwait Stock Exchange will put its new trading index on test during the first quarter of 2011, aiming to operate it fully by November, Al-Qabas reported, citing KSE Director Hamed al-Saif.
The new index, which is supplied by Nasdaq OMX Group Inc., will consist of 15 “carefully selected” companies that will be subjected to change based on bi-annual evaluations and conditions, al-Saif said, according to the newspaper.
“The new index will be more useful for investment managers, technicians and foreign investors,” Al-Qabas cited al-Saif as saying.
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