GCC Equities Review: Inclusion stories will continue to drive Kuwait's bourse in 2019 | ZAWYA MENA Edition:
Like most other markets in the Gulf, Kuwait reported lower traded values on its stock market in 2018 than in the previous year, with research from Kuwait Asset Management Company (KAMCO) stating the values declined by 27.5 percent to $13.7 billion.
Yet Faisal Hasan, the head of research at KAMCO, said there were mitigating factors - not least the announcement in September 2017 that the market would be added to FTSE Russell's Emerging Market index, which drove volumes higher in the prior year.
And although daily volumes were lower at the start of the year, there was strong trading activity at the end as the FTSE index inclusion actually happened. According to Bahrain-based investment bank SICO, average daily turnover for Kuwait's market reached $87 million in December 2018, compared with $32 million per day in the same month in 2017.
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