DEFINITION of 'Kuala Lumpur Stock Exchange (KLS) .KL'

The former name for what became the Bursa Malaysia in 2004, the Kuala Lumpur Stock Exchange was established in 1976. Its precursors were the Singapore Stockbrokers' Association, which was established in 1930 and went through several name changes over the years. Its main index is the Kuala Lumpur Composite Index.

BREAKING DOWN 'Kuala Lumpur Stock Exchange (KLS) .KL'

Bursa Malaysia was demutualized and became an exchange holding company with publicly traded shares in 2004. Its traded securities include stocks, bonds, derivatives and ETFs. It has a fully automated trading system launched in late 2008 and is one of the larger securities exchanges in Asia with around 1,000 listed companies.

RELATED TERMS
  1. Bamboo Network

    A network of expat-Chinese businesses in Southeast Asia. These ...
  2. World Congress Of Accountants - ...

    The leading international symposium for the accountancy profession. ...
  3. Korea Stock Exchange (KSC) .KS

    The Stock Market Division of Korea Exchange, formerly an independent ...
  4. Listing Requirements

    Various standards that are established by stock exchanges (such ...
  5. Exchange

    A marketplace in which securities, commodities, derivatives and ...
  6. SGD (Singapore Dollar)

    The currency abbreviation for the Singapore dollar (SGD), the ...
Related Articles
  1. Retirement

    What Are The Top Retirement Cities In Malaysia?

    Kuala Lumpur or George Town? That depends on whether you're looking for post-modern glitter or cobblestones and a slower pace.
  2. Retirement

    Budgeting Tips: Living in Malaysia on $1,000 a Month

    Learn more about how far a $1,000 monthly budget stretches in Malaysia, a beautiful and inviting tropical paradise in the heart of Southeast Asia.
  3. Retirement

    Can You Retire In Malaysia With $200,000?

    A low cost of living, street food fit for foodies and unspoiled rainforest and beaches are just a few of the reasons Malaysia is worth looking at as a retirement destination.
  4. Retirement

    5 Reasons Why Americans Retire in Malaysia

    Understand why Americans are deciding to retire internationally. Learn about the top five reasons why Americans are retiring to Malaysia.
  5. Investing

    Choosing a Stockbroker Over a Discount Broker

    A stockbroker executes buy and sell orders submitted by investors.
  6. Investing

    With the Birth of a Unicorn, Malaysia Becomes Hotspot for Tech Startups

    Thanks to increased funding and support from venture capitalists and the government, Malaysia witnessed the development of its first unicorn. GrabTaxi, an e-hailing app which is also inspiring ...
  7. Investing

    Stock Exchanges: A Global Tour

    Check out the history and inner workings of the world's six most well-known stock exchanges.
  8. Investing

    Asia's Safest (And Not That Costly) Countries

    Even Asia's safest countries are affordable, at least compared to New York City. The bargain is Malaysia, though tourists should avoid certain regions.
  9. Investing

    EWS: iShares MSCI Singapore ETF

    Learn more about BlackRock Advisor's iShares Singapore MSCI exchange-traded fund, which looks to mirror the holdings and yield from Singapore markets.
  10. Insights

    What's an Exchange?

    An exchange is an organized marketplace where securities and other financial instruments are traded.
RELATED FAQS
  1. Is Malaysia a developed country?

    Learn why Malaysia, as of 2015, is not considered a developed country despite having a relatively high level of industrialization. Read Answer >>
  2. What are the historical beginnings of the securities industry?

    Learn the history of securities trading, beginning in 12th century France and leading to world financial market centers in ... Read Answer >>
  3. Can stocks be traded on more than one exchange, such as, for example, on both the ...

    A stock can trade on any exchange on which it is listed. And to be listed it must meet all of the exchange's listing requirements ... Read Answer >>
  4. How does a company switch from one stock exchange to another?

    A publicly traded company can, in fact, switch to a stock exchange that it believes will be favorable to its financing efforts. ... Read Answer >>
  5. Why is Singapore considered a tax haven?

    Discover why Singapore is considered a tax haven, and learn about corporate tax rates and incentives that make this city-state ... Read Answer >>
  6. What does it mean when my broker says that shares are for auction?

    An auction market is one in which stock buyers enter competitive bids and stock sellers enter competitive offers at the same ... Read Answer >>
Hot Definitions
  1. Graduate Management Admission Test - GMAT

    A standardized test intended to measure a test taker's aptitude in mathematics and the English language. The GMAT is most ...
  2. Magna Cum Laude

    An academic level of distinction used by educational institutions to signify an academic degree which was received "with ...
  3. Cover Letter

    A written document submitted with a job application explaining the applicant's credentials and interest in the open position. ...
  4. 403(b) Plan

    A retirement plan for certain employees of public schools, tax-exempt organizations and certain ministers. Generally, retirement ...
  5. Master Of Business Administration - MBA

    A graduate degree achieved at a university or college that provides theoretical and practical training to help graduates ...
  6. Liquidity Event

    An event that allows initial investors in a company to cash out some or all of their ownership shares and is considered an ...
Trading Center