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Boursa Kuwait to resume trading on Sunday with new limits

Boursa Kuwait to resume trading on Sunday with new limits
Boursa Kuwait

Mubasher: Boursa Kuwait is set to resume operations as of Sunday 15 March, as approved by the Capital Markets Authority (CMA).

However, the transfer of ownership, mandatory execution, off market trade, and over the counter (OTC) trading will all be postponed for a week, and until further notice, according to a statement by the Kuwaiti stock exchange on Saturday.

Boursa Kuwait also announced the reduction of price limits and security circuit breaker (CB) triggers, applying a 10% upper limit and CB trigger, and -5% lower limit and CB trigger.

Last Thursday, Boursa Kuwait suspended all trading activities as a part of the precautionary measures against the coronavirus (COVID-19) outbreak.

The Kuwaiti cabinet announced a two-week public holiday, starting from Thursday 12 March, until 26 March, amid worries over the novel disease.