Mubasher: The Capital Markets Authority (CMA), Boursa Kuwait Securities Company, and Kuwait Clearing Company will launch on Sunday the third phase of developing Boursa Kuwait's system, informed sources told Al Rai Newspaper.

These developments are expected to boost Boursa Kuwait’s position and performance, the sources added.

The new phase includes raising the efficiency of the trading mechanism and launching the platform of trading on real estate investment traded funds (REITs).

The third phase also comprises amending the closing auction of which its first session will start at 12:30 pm until 12:35, the second session will begin at 12:35 until 12:40, and the random closing session will start at 12:38 and ends on 12:40.