Investors Brace for FTSE Verdict on S. Arabia and Kuwait - Bloomberg:
"FTSE Russell is set to announce over the weekend in the Middle East if it will add Saudi Arabia and Kuwait to its list of emerging markets in what could spur a surge in inflows to both markets and be a prelude to MSCI Inc. inclusion next year.
While recent market infrastructure improvements have been made in both countries, analysts and investors say Kuwait may be closer to being added than Saudi Arabia, which is aiming to modernize its market ahead of the sale of shares of state-controlled oil company Saudi Arabian Oil Co. in what is being tipped as the biggest initial public offering in history. FTSE is expected to announce its country classification annual review on Friday after markets close in the U.S.
Saudi Arabia’s main benchmark has gained just one percent this year, while Kuwait’s has climbed 16 percent. Below is a rundown of investor and analyst expectations:
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