Kuwait implements latest phase of stock exchange revamp - The National:
"Kuwait’s stock exchange on Sunday will implement the latest set of changes aimed at attracting investors and increasing the number of initial public offerings. The bourse will divide its stocks into three sections, based on criteria including their market capitalisation and the volume of shares traded. It will introduce new indexes, including a “Premier Market” grouping together 16 of Kuwait’s largest and most liquid companies. Authorities started a series of measures last year to update infrastructure for equities trading with the goal of stirring international interest in the market and jolting into life a large portion of its shares that barely move each day. The benchmark that’s in place now has 156 members. On any given day, at least 40 of those have closed unchanged in the past five years."
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