MIDEAST STOCKS-Kuwait down ahead of FTSE entry, other Middle East markets mixed | Reuters:
Kuwait’s stock market fell on Sunday, pausing after recent gains ahead of joining of the FTSE Russell emerging market index this week, which is expected to draw investment from passive funds.
Entry to the emerging market index will be in two phases, on Sept. 24 and Dec. 24. Arqaam Capital estimates the inflows in across the two phases will reach $1 billion.
Kuwait’s main index closed 1.4 percent down, pressured by telecoms and financial stocks.
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