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Bourse rank to lure $2.5bn

KUWAIT CITY, April 2, (KUNA): Kuwait’s stock exchange looks set to secure foreign investment worth $2.5 billion after it improved its ranking in the MSCI Emerging Markets Index, Kuwait National Investment Company said on Tuesday.

This is likely to trigger an enticing business environment in the country, besides gaining the trust of investors and ensuring better governance and transparency, according to a report issued by the company.

Kuwait bourse’s promotion will also allow the local stock exchange to focus on priorities including shareholder returns and introducing new tools to the stock market, it added.

Meanwhile, Kuwait stock exchange’s promotion on the FTSE 100 index is “tentative at this point,” pending confirmation in June, the report indicated.

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