Kuwait’s stock market upgrade is a big plus for GCC | GulfNews.com:
"The Kuwait Stock Exchange (KSE) recently joined the MSCI Emerging Markets Index, which is designed to measure the performance of companies in emerging market countries based on liquidity, ease of investment and transparency, and periodic assessments of their positions.
This ascension represents a major achievement for Kuwait, whereby its stock exchange will become an even more attractive investment hub for local and foreign capital. Interestingly, the FTSE Russell predicted that Kuwait’s joining of the index would draw $750 million to the local market, and this reflects progress achieved in fulfilling global standards for stock exchanges as well as the development of Kuwaiti legislative and legal systems.
Besides Kuwait, the Saudi Stock Exchange is also expected to join the MSCI Emerging Markets Index by mid-2018 after it completes the requirements, thus having a direct impact not only on the Saudi market but also on the region as a whole as it is the largest bourse in the region."
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