By Mohammad Kamal
KUWAIT, Sept 13 (KUNA) -- Experts have urged the management of the national bourse to consider setting up a special index for measuring performance of the communication and technology companies, in line with a strategy to transform it into a regional finance market.
Chief Executive Officer of Hayat Communications Company Adel Safar, interviewed by KUNA, called for grouping all influential sectors of the market in one sector, namely the communications and the technology -- following example of some international markets.
Startegic invetsors are likely to be lured to the market due to the considerable growth and performance, posted by such companies, namely the telecommunication companies, Zain and Al-Wataniya, and this would warrant setting up the special index to help guide these entrepreneurs, Safar said.
Managing Director of the Cable Vision Company Abdullah Al-Sabej affirmed that the communication and technology companies proved to be on top of the firms that offer services in terms of performance and yields as well as the impact on the course of events and performance of the market.
CEO of Al-Mustaqabal International Co. Salah Al-Awadhi said the communication sector has been witnessing a remarkable boom not only at the local level but also at the international level. The Gulf region has witnessed birth of giagantic companies, prompting authorities to renovate infrastructures.
The globe's market for technological services and innovations, including audio and vidoe gadgets and devices, has swollen to some 32.4 billion US dollars.
The management of the Kuwaiti Stock Exchange is currently involved in re-structing the bourse as part of a strategy to render a major business and financial hub at the regional level. The measures include upgrading trading regulations and searching for new investment tools.
