The Kuwaiti Capital Markets Authority said that Morgan Stanley (MSCI) decided yesterday evening Thursday, to postpone the entry of Kuwaiti companies ’shares in its indexes to emerging markets. < / p>

The commission clarified that the decision stipulated postponement from next May to November 2020.

Morgan Stanley stated that the reason for the delay is the huge effects caused by the new Corona epidemic (Covid 19) globally as well as at the level of the Kuwaiti market.

The Foundation stressed that the State of Kuwait meets all requirements for promotion on its index of emerging markets, but that the precautionary measures of many countries of the world to reduce the repercussions of Corona was a factor in taking the previous decision .

The Corporation stressed that it seeks from the previous decision to achieve the optimal implementation of the process of entering shares for its indices in the interests of global and local investors.

The decision occurred on the Kuwaiti stock market today negatively, as the indicators fell collectively, the general index fell 3.3%, the first market fell 4.3%, the main fell 0.75%, A major 50 recorded a decrease of 1.06%.