In the year 1962 the national stock exchange of the state of Kuwait or the Kuwait Stock Exchange was established. Before the Kuwait Stock Exchanger's foundation was laid there were several share holding companies in Kuwait. But it was in 1962 when the Royal Decree was passed on constructing Kuwait Stock Exchange. Though the Kuwait Stock Exchange is not the most important stock exchange in the world but Kuwait Stock Exchange is indeed one of the oldest and the largest stock Exchanges in the Middle-East of Asia.
With the introduction of the litiation right it is expected that the Kuwait Stock Exchange is going to enjoy an autonomous juridical personality in a mode of alleviating the performance of the functions it goes through. The purpose is to realize the aims of the organization in the best possible way within the range of rules and regulations governing the Kuwait Stock Exchange.
The Kuwait Stock Exchange gives special emphasis like other international stock exchanges on the transparency of the transactions that is made in the Kuwait Stock Exchange. The Kuwait Stock Exchange actively works to rationalize the dealings that are made in the market and minimizes the risk of any scandals.
The Kuwait Stock Exchange gives special emphasis on promoting consciousness about investment among the investors,savings,providing protection for the investors and the depositors.
The highest level the Kuwait Stock Exchange has ever reached was in 2004 when the Kuwait Stock Exchange crossed the 10,000 point mark. This hike in points were due to the abnormal increase in the oil price.
The emergence of the Kuwait Stock Exchange is also because of the growth in the degree of fiscal liquidity. It was also because of the clear and unforeseen development of the general grosses which is also the result of the great hike in the oil price.
It is worthy to say that the Kuwait Stock Exchange has nearly 150 companies listed and the gross market value is more than $115 billion U.S. It is also the second biggest stock exchange in the Middle-East of Asia, after Saudi Arab Stock Exchange.