Mubasher: Promoting Boursa Kuwait to be listed under the FTSE Emerging Markets is expected to impact the performance of the stock market during the coming period, Bayan Investment Co said in a recent statement.
This upgrade is forecast to attract more foreign and local liquidity, the statement added.
Bayan noted that some of the reports issued recently said that after being promoted, Boursa Kuwait is expected to receive cash liquidity ranging from $750 million to $1 billion.
At the market cap’s level, Boursa Kuwait has lost about 1.61% or KWD 474 million in a week, registering KWD 28.87 billion by the week ended on 28 September from KWD 29.35 billion in the previous week.
