FTSE to upgrade Kuwait to emerging market in two stages | ZAWYA MENA Edition:
"Kuwait's stock market will enter FTSE Russell's emerging marketindex in two equal stages in September and December this year, and 10 Kuwaiti stocks currently look likely to join the benchmark, the company said on Wednesday. FTSE announced in September that it planned to classify Kuwait as an emerging market; it released details of the transition on Wednesday. Kuwaiti stocks entering the index will be given 50 percent of their weightings in September and the remaining 50 percent in December. FTSE projected that Kuwait would have a total 0.4 percent weighting in the index."
'via Blog this'
No comments:
Post a Comment