Stock exchange will set a limit of 20% for the maximum daily rise or fall of individual stocks by November
Kuwait's stock exchange will introduce a limit of 20 percent for the maximum daily rise or fall of individual stocks by November, Khaled Abdulrazzaq al-Khaled, chief executive of Boursa Kuwait, which operates the exchange, said on Tuesday.
The exchange will also introduce a circuit breaker mechanism providing for brief halts in trade with every move of 5 percent, he added. The new rules will replace the current range of limits for stock movements; these limits vary depending on the level of stock prices.
Boursa Kuwait is working with the regulator to begin establishing a secondary market for small and medium-sized enterprises that would open in 2017, Khaled told reporters.