Exclusive: Kuwait bourse expects wave of IPOs and 15% more capital inflows post-FTSE upgrade - The National:
Kuwait’s stock exchange, which will see two public offerings by year end, still intends to list in 2019 and expects to record as much as 15 per cent more in capital inflows following its inclusion in the FTSE Russell Emerging Market index, its chief executive said.
“The country saw an influx of foreign investors even before the inclusion and now we are seeing a lot of interest from international investors who are contacting us and our local listed companies … more frequently,” said Khaled Al Khaled of Boursa Kuwait.
It is too early to calculate the exact rise in flows since September, and there is a second tranche of inclusion in December, but the chief executive said gaining emerging market status together with capital market reforms Kuwait has been implementing since 2016, will boost liquidity and encourage more public listings.
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