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Trading Cycle in Kuwait Stock Exchange:
1 - Open an account at the Kuwait Clearing Company (KCC).
2 - A Copy of the civil identification, the name of the
bank the client deals with (3 K.D for individuals, 5 K.D
for corporate).
3 - Choose one of the registered Brokerage Firms in KSE.
4 - When issuing a selling order, share certificates should
be presented the following day after the transaction.
5 - When issuing a buying order, payment should be submitted
to the broker the following day before 11:00 am if the client’s
balance with KCC is insufficient.
6 - Commission is calculated 1.250 K.D for each one Thousand
K.D, commission is calculated 1 K.D for each one Thousand
K.D for transaction of Fifty Thousand K.D and above.
7 - A cheque will be issued by KCC in favor of the client
every Sunday and Wednesday.
8 - KSE account is accredited 500 fils for each executed
transaction.
9 - Share prices can fluctuate 5 pricing units daily according
to its category.
Max Daily Change (5 Units)
|
Unit Change (Fils)
|
Stock Price (Fils) |
5x0.5 = 2.5 Fils
|
0.5
|
50 : 0.5 |
5x1 = 5 Fils |
1 |
100 : 51 |
5x2 = 10 Fils |
2 |
250 : 102 |
5x5 = 25 Fils
|
5 |
500 : 255 |
5x10 = 50 Fils |
10 |
1,000 : 510 |
5x20 = 100 Fils |
20 |
2,520 : 1,020 |
5x20 = 100 Fils |
20 |
5,000 : 2,520 |
50X5 = 250 Fils |
50 |
9,950 : 5,050 |
Note:
The One Kuwaiti Dinar is equivalent to 1,000 fils. The price& share are not
permitted to increase or to decrease more than 5 units per day.
Example:
A share with a value of 300 fils cannot increase more than 325 fils or decrease
less than 275 fils daily during its daily trading.
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