Experience and knowledge are essential requirements to partake in trading at Kuwait Stock Exchange (KSE), said a number of young traders here Thursday.
Speaking to KUNA in several interviews, the young traders said that their experience at KSE had provided them with vast experiences, enabling them to gain information on the inner workings of the stock exchange.
Mohammad Al-Fahad, 34, said that he was involved at KSE as a broker for a company, adding that he was paying attention and listening to advice from those who are much more experienced in the market during his stay.
The 2008 global economic crunch dissuaded many people from getting involved in the stock exchange, said Al-Fahad who called for measures to enable the market to face any economic crisis in the future.
As for state-owned tenders, Al-Fahad insisted that it was important to allow private sector companies to get involved in acquiring tenders because that will reflect positively on the country’s economy.
Also speaking to KUNA, Ibrahim Al-Nasser, 30, said that it was advisable to allow young blood to participate in the KSE experience especially after the global economic crisis.
He indicated that the youth mostly avoided getting involved in the KSE for several reasons conntected with the local and regional politics.
Expressing similar sentiments, Bader Al-Enizi, 35, said that currently political shifts played an important role shaping the market’s behavior which mostly results in low numbers.
The whole issue of not gaining financially at the market prevents the youth from participating, said Al-Enizi.
Many other interviewees also expressed desires for new legislations that would facilitate transactions from the market, stressing that any new laws should help KSE gain more momentum and also provide transparency for investors and companies.
Source : KUNA Kuwait News agency
