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Definition of 'Jakarta Stock Exchange (JKT) .JK'
Indonesia's first stock exchange. Founded in 1912 for the interest of the Dutch East India Company, the Jakarta Stock Exchange was closed during parts of World Wars I and II. When it reopened in 1952, the only exchanged security was the Indonesian government bond. The exchange became inactive from 1956-1977, and despite being reactivated in 1977, trading activity continued to be slow, with only 24 companies listed.
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