Global index compiler MSCI will think about reclassifying Kuwait as Emerging Market from Frontier Market status at its annual market review in 2019.
The index’s constituents include the National Bank of Kuwait, the Kuwait Finance House, Mobile Telecom Co., Agility, Boubyan Banking, Mabanee Co SAKC, Burgan Bank and Kuwait Project Co Holdings.
As part of the results for the 2018 Annual Market Classification Review, MSCI noted that it will comprise the MSCI Kuwait Index as part of its review next year.
The MSCI Kuwait Index is designed to measure the performance of large and mid-cap segments of the Kuwait market.
In September 2017, opposition index compiler FTSE Russell renamed Kuwait as an emerging market, which professionals said could influence inflows of $700 million from investors.
At the time, Khaled Abdul Razzaq Al Khaled, the CEO of Boursa Kuwait, said that he believed the addition by MSCI could happen “in the next one or two years” following the FTSE upgrade.
more recommended stories
Full Steam Ahead: How a VC took a young entrepreneur’s idea to the next level
Hailing from a family of businessmen.
Dubai’s Dubizzle classified website worth at $400m after completes acquisition of Nappers
UAE-based online classified website dubizzle is.
With increasing price of $ 16 million “Send-Bird” has given a developers tools to quickly roll out chat functionality
If you go to any company’s.
Indonesia is seeking new avenues to deploy a part of its $8 billion Haj funds
Indonesia is looking for new avenues.