September 18, 2016, Kuwait City
Further building on its affiliation with Thomson Reuters, Boursa Kuwait, the operator of Kuwait's stock exchange since April 2016, today announced the launch of phase 2 of its upgraded Financial Data Service on its website, presenting its stakeholders with the most up to date financial information in relation to all listed companies, including charts and comparability abilities.
The introduction to further updates and enhancements comes after the successful launch of the initial phase, which took place in July. The new enhancements offered in phase 2 include price charts for all indices as well as price and volume charts for the listed securities, and charts for selected ratios and financial items related to the listed securities such as market capitalization and dividend yield. Phase 2 also brings comparability abilities, which allow users to compare different financial data, such as beta, price to earnings ratio, dividend yield, market capitalization, net profit margin, return on assets, return on equity and other financial ratios and data among different securities and with the relevant sector average. The data is provided in both Arabic and English languages.
Commenting on the launch of phase 2, Boursa Kuwait Vice Chairman and CEO, Mr. Khaled Abdulrazzaq AlKhaled, stated: "As we work towards effectively and efficiently managing Kuwait's stock exchange and enhancing the level of transparency and quality at which it operates, it is also important to us that we differentiate ourselves with the type of services we offer. That said; the launch of phase 2 of financial data enhancements has raised the standards of the type of financial data service offered by Boursa Kuwait. We will continue to develop our new and existing products and services, while ensuring availability and accessibility to all stakeholders".
The Boursa Kuwait website is the main source of exchange related news. With the company's objective to further enrich and equip the site, it recently launched the Company Information Portal (CIP). The CIP is an application designed by Boursa Kuwait, with the aim of providing a credible and updated information platform for all listed companies, which can be used as a reference site by all stakeholders.
For more information on Boursa Kuwait, please visit www.BoursaKuwait.com.kw
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About Boursa Kuwait
Boursa Kuwait was founded in April 2014 by the Capital Market Authority Commissioners' council resolution No. 37/2013 dates 11/20/2013 and permeable to Law No. (7/2010), to replace the Kuwait stock exchange in order to create a competitive securities exchange at the regional level and upgrade standards in the capital markets to the international level.
Boursa Kuwait's key strategic objective is to execute an effective management of the transformation from current operator while creating an attractive issuer base, broadening the investor base, increasing depth and breadth of products and upgrading the stock exchange infrastructure and business environment to international standards.
Boursa Kuwait aims with this strategy to enhance the current level of performance, achieve emerging markets status, enable the market to compete with regional peers and build a market reflecting the strength, depth and flexibility of the Kuwaiti private sector.
About Thomson Reuters
Thomson Reuters is the world's leading source of news and information for professional markets. Our customers rely on us to deliver the intelligence, technology and expertise they need to find trusted answers. The business has operated in more than 100 countries for more than 100 years. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges (symbol: TRI). For more information, visit www.thomsonreuters.com.
CONTACTS
Tarek Fleihan
Head, Corporate Communications
Middle East, Africa & Russia / CIS - Thomson Reuters
+97144536527
tarek.fleihan@tr.com
Barrak Al Dakhail
Project Manager
Boursa Kuwait
corporate-communication@boursakuwait.com.kw
© Press Release 2016
