Market Shake-Up Deepens in Kuwait in Bid to Draw Stock Investors
- Market to have new indexes as part of changes effective Sunday
- Biggest companies to provide English filings, briefings
An investor exits the Kuwait stock exchange in Kuwait City, Kuwait.
Photographer: Phil Weymouth/Bloomberg
This article is for subscribers only.
Kuwait’s stock exchange on Sunday will implement the latest set of changes aimed at attracting investors and increasing the number of initial public offerings.
The bourse will divide its stocks into three sections, based on criteria including their market capitalization and the volume of shares traded. It will introduce new indexes, including a “Premier Market” grouping together 16 of Kuwait’s largest and most liquid companies.