Boursa Kuwait ‘confident’ of MSCI upgrade, says CEO

      Published on Saturday, 3 November , 2018      483 Views     
Boursa Kuwait ‘confident’ of MSCI upgrade, says CEO

  • Business

Boursa Kuwait is “confident” that MSCI will upgrade it to emerging market status in 2019, according to CEO Khaled Abdulrazzaq Al Khaled.





Speaking to Bloomberg TV,

Al Khaled said that Boursa Kuwait is “halfway there” with regards to a “very big overhaul” of Kuwait’s equities market, which have so far included changes to the settlement cycle, the introduction of market segmentation and changes to listing requirements.

“We have implemented halfway and there and are continuing until we are done in 2021,” he said. “We are going to introduce soon short-sell SLB [stock lending and borrowing] and REITs [real estate investment trusts].

The changes have so far resulted in a “big inflow” of foreign investment into Kuwait,

which Al Khaled said pre-dates the announcement of Kuwait’s promotion to Boursa Kuwait by FTSE to emerging market from a frontier market.

“The appetite of foreign investors was earlier than [the] FTSE inclusion,” he said. “For it to resonate in the local market it needs time. It is a new introduction with big changes.”

Regarding the MSCI upgrade, Al Khaled said he offers no guarantees, but is confident in the strategy.



“These changes will push for an MSCI inclusion,” he said. “I am very optimistic.”


Keywords:
Category Business, Gulf News, PR Paid | 2018/11/03 latest update at 7:30 AM
Source : Arabian Business | Photocredit : Google
484 Views
Comments Add comment



Gulf Media

Related Articles

The editorial staff of Qatar Today would like to give all of its readers from Gulf and Qatar and the whole world the opportunity to participate actively in the development of the website! If you have something interesting, fun, scandalous - just something worth to be seen from more people. Capture it and share it in the Qatar Today with a short text.

Do you have information you want to reach our readers?

Send article/s

You can subscribe to our Facebook, Twitter and Google pages or use our RSS feed channel to always read the most important news about Qatar, the Gulf and the world.


Qatari Emir in Iran: ‘De-escalation’ the only way forward Emir

Qatari Emir in Iran: ‘De-escalation’ the only way forward

Qatar’s Emir Sheikh Tamim bin Hamad Al Thani said the only solution to rising tensions in the Middle…

Saudi king invites Qatar emir to Riyadh summit: Doha Emir

Saudi king invites Qatar emir to Riyadh summit: Doha

Saudi King Salman has invited Qatar’s emir to a meeting next week of the Gulf regional bloc in…

Only international actions can settle the world’s ‘enormous and diverse cross-border challenges’, Qatar tells UN Assembly Emir

Only international actions can settle the world’s ‘enormous and diverse cross-border challenges’, Qatar tells UN Assembly

Pointing to “the strategic importance of the Gulf region”, Sheikh Tamim Bin Hamad al-Thani Amir maintained that its stability warrants…

Amir congratulates President of Colombia Emir

Amir congratulates President of Colombia

Amir H H Sheikh Tamim bin Hamad Al Thani, Deputy Amir H H Sheikh Abdullah bin Hamad Al…

GULF TV

Popular in GULF TV

About DFI – Doha Film Institute Video

48810 Views

Doha Film Institute is dedicated to film appreciation, education, and building a dynamic film industry in Qatar that…

Latest videos in GULF TV

Events

Qatar Events

Lifestyle

Life

Culture

Culture News

Sport

Sport

Science & Technology

Science & Technology

Government

Government News