According to FTSE Russell, Kuwait’s money market system has met the new requirements that maintain Kuwait’s weight and place in the emerging markets index.
The Kuwaiti market is maintaining compliance with all requirements, including those pertaining to the expenses of settling bad agreements, according to FTSE. Whereas an entire system assisted in the rapid completion of these preventive measures.
According to the FTSE Emerging Markets report, Kuwait Markets and Stock Exchange Authority and Kuwait Clearing House’s market system satisfies the technical standards necessary to continue to be included in the global index.
Kuwait was one of the more than 26 nations put on FTSE Russell’s watch list for implementing the new rules, but it was able to do so thanks to technical measures that attracted outside investors.
The FTSE Russell indicators for international markets, including developed markets, indicate that a number of developed and emerging countries, including:
– France
Sweden, Belgium, Singapore, and South Korea
Along with developing markets like those in Brazil, the Czech Republic, Mexico, China, and the United Kingdom. The United Arab Emirates and Saudi Arabia
Investment sources reported that foreign investors, particularly those who follow the FTSE index, responded favourably to the proactive measures taken by the Kuwait Stock Exchange, including amending some rules and lowering the trading premium for the compulsory purchase session from 5 percent to “zero” and other straightforward adjustments like modifying deals.
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The market organisation made the modifications and changes in accordance with the flexible policy chosen and the alluring openness of capital, with the goal of expanding Kuwait’s appeal to local, regional, and global financial circles.
The Kuwaiti market has met the revised criteria related to the costs of distressed trades and is no longer on the watch list, according to the FTSE Russell.
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