KUWAIT - Kuwait's stock exchange chief said on Tuesday he expected the bourse would be give emerging market status in September from index compiler FTSE.
This development will lead to increased trading and the entrance of institutional investors into the market, Chief Executive Khaled Abdulrazzaq al-Khaled told a Euromoney conference in Kuwait.
(Reporting by Ahmed Hagagy; Editing by Saeed Azhar) ((sylvia.westall@thomsonreuters.com; Dubai Newsroom +971 56 216 6204; Reuters Messaging: sylvia.westall.thomsonreuters.com@reuters.net))
This development will lead to increased trading and the entrance of institutional investors into the market, Chief Executive Khaled Abdulrazzaq al-Khaled told a Euromoney conference in Kuwait.
(Reporting by Ahmed Hagagy; Editing by Saeed Azhar) ((sylvia.westall@thomsonreuters.com; Dubai Newsroom +971 56 216 6204; Reuters Messaging: sylvia.westall.thomsonreuters.com@reuters.net))
