Chapter II evolution of stock exchanges
Table -2.4 Arab Stock Markets with their Structures, Official Names and Opening Dates
Download 1.12 Mb. Pdf ko'rish
|
1.1.httpsshodhganga.inflibnet.ac.inbitstream10603451064chapter 2.pdf
|
Table -2.4
Arab Stock Markets with their Structures, Official Names and Opening Dates
Arab Stock Markets Stock Market Code Open Date Ownership Trading System
1 Egypt
Egypt Stock Market EGX Alexandria Stock Exchange ASE 1883
Government Electronic Cairo Stock Exchange CSE
1903 Government Electronic 2 Morocco Casablanca Stock Exchange Casablance Boure 1929 Private
Electronic 3 Lebanon Beirut Stock Exchange BSE
1920 Government Electronic 4 Kuwait Kuwait Stock Exchange KSE
1962 Government Electronic 5 Tunisia Tunis Stock Exchange TSE
1969 Private limited company Electronic 6 Jordan Amman Stock Exchange ASE
1976 Government Electronic 7 Saudi Arabia Saudi Stock Market Tadawul Market 1984 Joint Stock Company Electronic 8 Oman Muscat Securities Market MSM
1988 Government Electronic 9 Bahrain Bahrain Stock Exchange BSE
1989 Government Electronic 10 Sudan Khartoum Stock Exchange KSE
1995 Government Manual 11 Palestine Palestine Securities Exchange PSE
1995 Private Shareholding Company Electronic 12 Qatar Doha Securities Market DSM (Recently QE) 1997 Shareholding Company Electronic 13 Algeria Algeria Stock Exchange (AlgSE) 1999
N.A Electronic 14 United Arab Emirates Abu Dhabi Securities Exchange ADX 2000
Government Electronic Dubai Financial Market DFM
2000 Publicly Listed company Electronic 15 Iraq Iraq Stock Exchange ISX
2004 Private
Electronic 16 Libya Libyan stock exchange LSE
2006 Publicly Listed company Electronic 17 Syria Damascus Securities Exchange DSE
2009 Government Electronic Source: Compiled by author from national stock exchange websites
23
The Kuwait Stock Exchange (KSE) is the national stock market of the State of Kuwait. Although several share holding companies (such as NBK in 1952) existed in Kuwait prior to the creation of the KSE, it was not until october 1962 that a law was passed to organize the country's stock market. The Kuwait Stock Exchange is also the first and among the largest stock exchanges in the Gulf region, and is now gaining prominence as one of the most potentially important in the world. The Kuwait Stock Exchange is also among the first and largest stock exchanges in the Persian Gulf region, and is now gaining prominence as one of the most potentially important in the world. KSE operates now on the most modern computerized system.
The Kuwait Automated Trading System (KATS) is a computerized trading system based on software specially developed and customized for the Kuwait Stock Exchange. One of its many features is the capability of linkage with traders outside the Exchange, covering all of Kuwait‘s governorates and possibility of linkage with markets outside Kuwait in the future. This system, while being very efficient, offers security and fairness and equality between traders. It guarantees complete confidentiality for traders while completing transactions, thus increasing trader confidence and transaction volume. All information necessary for trading is available readily. Authorized brokers have equal access to the Exchange via a KATS workstation, in their offices at the Exchange. Brokers directly enter orders into computer linked to the central exchange computer. The system immediately checks the validity of the order and the information is updated as it occurs with every new order and trade. KATS users can watch the fluctuations of the market as they occur. Within a few seconds of an order placement, the broker knows whether his order was traded, cancelled, or placed into the order queue (Kuwait pocket guide,n.d). Download 1.12 Mb. Do'stlaringiz bilan baham: 
|