National Portfolio Role in KSE is LimitedSource: www.export-egypt.com 12/6/2015, Location: Middle East |
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The role of the National Portfolio in Kuwait Stock Exchange (KSE) is "still limited" and controlled by the regulations," Kuwaiti economists said.
The main purpose of the portfolio, which was established at the end of 2008 is to adjust performance in the market as well as grab opportunities as they become available, economists said in separate interviews with KUNA. Many traders are waiting the portfolio to pump liquidity permanently in order to save some companies, especially small ones, that are still suffering from missteps, suspension and loss of capitals, they said. The main goal from founding the National Portfolio is to support the market, and to attain this objective, there should be a permanent cooperation between the Portfolio and the Ministry of Commerce and Industry to exclude companies that do not add new value to the overall performance of the market, Salah Al-Sultan, consultant to Arzaq Capital Company said. The market will not absorb intervention of the portfolio as long as there are weak companies listed, he said, stressing the need to integrate them into a single entity to achieve added value. The National Portfolio is working to control the market movement and grab opportunities as well as search for public and private benefit in addition to keep the procurement process, Chief Executive of A-Arabi Company for Financial Brokerage Maytham Al-Shakhs said. The National Portfolio aim at raising the trades to certain stage and invest with new shares, he added. For his part, General Manager of Mena Financial and Economic Consultancy Company Adnan Al-Dulaimi said the National Portfolio is operating in a limited way, pointing to the need for motivational procedures, where the National Portfolio select shares carefully and try to support ownership as being a market maker. |
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