Kuwait Stocks End Year as Gulf Darling Ahead of MSCI Ruling
Traders follow the stock market at the Kuwait Stock Exchange in Kuwait.
Photographer: Yasser al-Zayyat/AFP via Getty Images
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Kuwait stocks beat peers in the Gulf this year as investors bet that MSCI Inc. will promote the country into its main index tracking stocks in emerging markets in June 2020.
The Boursa Kuwait Premier Market Index, which includes the biggest and most liquid stocks in the country, rose 0.5% on Wednesday, extending its advance to about 30% this year. MSCI has said that Kuwait’s change from its current “frontier” status would happen after certain trading mechanisms were improved. The compiler will give a final decision on Wednesday after 11 p.m. Central European Time.