Boursa Kuwait would like to confirm that Morgan Stanley Capital International (MSCI) announced that it will include the MSCI Kuwait Index in its 2019 Annual Market Classification Review for a potential reclassification from Frontier Markets to Emerging Markets status.
MSCI will consult with market participants on the proposed reclassification of the MSCI Kuwait Index, MSCI will announce its decision in June 2019 for potential implementation with the May 2020 Semi-Annual Index Review. The simulated MSCI Kuwait index would have a potential weight of 0.3% in the MSCI Emerging markets index.
The process of the annual market classification review will be completed within one year. This process will be based on three criteria in analyzing and seeking feedback: the country’s economic development; size and liquidity requirements for listed companies; as well as market accessibility.
MSCI will consult with market participants on the proposed reclassification of the MSCI Kuwait Index, MSCI will announce its decision in June 2019 for potential implementation with the May 2020 Semi-Annual Index Review. The simulated MSCI Kuwait index would have a potential weight of 0.3% in the MSCI Emerging markets index.
The process of the annual market classification review will be completed within one year. This process will be based on three criteria in analyzing and seeking feedback: the country’s economic development; size and liquidity requirements for listed companies; as well as market accessibility.
