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Kuwait's Stock Exchange CEO Confident of FTSE Addition This Week

  • Boursa Kuwait’s AlKhaled speaks in an interview Tuesday
  • Exchange has met requirments for classification, he says
Photographer: Tasneem Alsultan/Bloomberg

Kuwait’s stock exchange has met all the requirements necessary for the country to be added to the emerging markets list compiled by index provider FTSE Russell later this week, according to its chief executive officer.

Kuwait is in line to join Gulf neighbors including Saudi Arabia and the United Arab Emirates in an inclusion that could boost inflows into its equity market by millions of dollars. FTSE Russell is expected to announce its country classification annual review on Friday after markets close in the U.S. The addition would take Kuwaiti stocks from an unclassified status to one of a secondary emerging market.