Mahmoud Shendi
Morgan Stanley included 3 Kuwaiti companies in its MSCI Small Cap Emerging Markets Index, which are “Arabi Holding”, “Kuwait Real Estate”, and “STC”.
This came within the framework of the periodic review it conducts of the components of its indices of heavy stocks, medium and small stocks.
These companies have become part of a list of major local entities, which include the National Bank of Kuwait, Kuwait Finance House, Gulf Bank, Boubyan, and Boubyan Petrochemicals and Buildings.
MSCI adhered to a set of conditions and standards when selecting local companies, including market value, stock turnover rates, liquidity, as well as profit rates and financial conditions for each company.
The Kuwait Stock Exchange received foreign inflows amounting to about $3 billion when it was listed on the MSCI index, while the financial and investment circles are anticipating an increase in Kuwait’s weight on such indicators in the future, similar to what is happening with other markets.
2023-11-15 17:29:13
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