Kuwait: Best Performing Stock Market In GCC Region

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Kuwaiti market has outperformed most of their Arabian Gulf peers since MSCI said in June that it might announce the upgrade of the nation to emerging-market status next year, joining the ranks of Saudi Arabia, the United Arab Emirates and Qatar.

Money is already flowing in ahead of Kuwait’s Sept. 24 accession to FTSE Russell’s emerging-market benchmarks as efforts by the country’s market regulator to boost liquidity and attract international interest pay off.

“Overtaken by the UAE when it comes to economic freedom, and in the shadow of Saudi Arabia’s now-accessible equity market, Kuwait capital markets have been long neglected by investors and Kuwaiti policymakers,” Marshall Stocker, a Boston-based portfolio manager at Eaton Vance, said in an email.

“We are invested in Kuwait for an incipient policy liberalisation story, one that is admittedly taking quite a while to unfold but is happening if you pull out your looking-glass.”

 

Source Credit: Arabian Business

 

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