7 Kuwaiti stocks joined the MSCI Emerging Markets Index

Morgan Stanley Capital International (MSCI) issued a new update to the list of stocks that will be included in the promotion of Kuwait Stock Exchange to the ranks of emerging markets this month.

The list included 7 Kuwaiti stocks that will enter the index on November 30th, and included: National Bank of Kuwait, Kuwait Finance House, KFH, Zain, in addition to Boubyan Bank, Agility Company, Gulf Bank and Al-Mabani Company.

and the Corporation reiterated its affirmation on reclassifying Kuwait to the ranks of emerging markets in one step, in conjunction with the periodic review of the index, noting that the 7 Kuwaiti stocks that will be added will be With a gross weight of 0.58%.

On the other hand, the Corporation revealed that 14 Kuwaiti companies have joined its Small Business Index, which included: Al Ahli Bank of Kuwait, Al-Qurain Petrochemicals, Al-Imtiaz Investment Group, and Boubyan Petrochemical , Gulf Cables, Human Soft Holding, in addition to Warba Bank, National Industries Holding, Kuwait International Bank (KIB), Jazeera Airways, National Real Estate, Integrated Holding, North Az-Zour Al-Oula, and Kuwait Holding Projects KEPCO.