Gulf Bank customers are now able to trade online in shares on the Kuwait Stock Exchange (KSE) under a new service launched by Gulf Bank in partnership with Gulf Brokerage Financial Company. Gulf Bank’s secure and convenient online trading portal can be accessed through the Bank’s new bilingual website, www.e-gulfbank.com.
With online trading, Gulf Bank customers can make transactions, check their current stock holding and cash balances, obtain the latest stock market quotes, and view the latest market news and historical data. Customers also receive email and SMS notification of their executed trades.
The real-time online trading service is the result of an agreement signed between Mr. Nazem Al-Qanae, Gulf Bank’s General Manager, Retail, and Mr. Anas Al-Saleh, General Manager, Gulf Brokerage Finance Company, which will execute all trades on behalf of Gulf Bank’s online trading customers.
“This is an important new service for our customers,” said Mr. Al-Qanae. “Millions of shares are traded daily on the KSE and there is intense interest in equity investment in Kuwait.
“Gulf Bank’s online trading service will make it easier and more convenient for customers to stay in touch with stock market movements and to manage their share portfolios. Gulf Bank customers will be able to trade in KSE shares from the comfort of their own homes or offices.”
Gulf Bank customers can buy and sell shares online using any Gulf Bank account, so long as they have a valid trading number from the Kuwait Clearing Company. Customers can apply online at www.e-gulfbank.com or at any Gulf Bank branch to begin using the new service.
“Gulf Bank is already the most technologically advanced bank in Kuwait with approximately 91% of its banking transactions handled electronically. We have recently launched an industry-leading online personal banking service. Now, with real-time online trading, Gulf Bank continues to deliver the very best in valuable and convenient services for our customers,” Mr. Al-Qanae concluded.