Kuwait’s stock exchange, Boursa Kuwait, has launched BK Main 50 Index, which represents the 50 most liquid securities in the main market.

The new index will include or exclude companies based on the calculation of the average daily traded value, that signifies liquidity. 

“The launch of the BK Main 50 Index represents a significant step further in Boursa Kuwait’s market segmentation and forms part of our ongoing endeavors aimed at creating a robust capital markets ecosystem in Kuwait that will benefit all market participants,” said Noura Al-Abdulkareem, Acting Head of Markets, Boursa Kuwait.

“This development, helping enhance the appeal of the equity market to foreign investors and encourage higher participation of local retail investors, will further strengthen the company’s position as a leading stock exchange in the region,” she added.

The Index constituents will be reviewed annually based on their average daily traded value and the results will be announced on the second Sunday of January and take effect on the second Sunday of February, the statement said.

(Writing by Nada Al Rifai; Editing by Seban Scaria)

(nada.rifai@refinitiv.com)

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