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MSCI EM adds 3 Kuwaiti stocks, removes 1

MSCI EM adds 3 Kuwaiti stocks, removes 1
(Photo Credit: Arabianeye-Reuters)
KIB
KIB`R
13.14% 267.00 31.00
STC
VIVA`R
0.00% 0.00 0.00
HUMANSOFT
HUMANSOFT`R
-2.06% 2,475.00 -52.00

ALIMTIAZ
ALIMTIAZ`R
131.33% 69.40 39.40

Kuwait – Mubasher: The semi-annual review of the MSCI Emerging Markets (EM) Index, previously known as Morgan Stanley, showed that three companies of Boursa Kuwait were added to small-cap companies’ index.

Human Soft Holding, Al Imtiaz Investment Group, and Kuwait International Bank (KIB) will be added to the index on 1 June, while Kuwait Telecommunication Company (VIVA) was removed.

The companies' eligibility for the index depends on the free trading rate, the trading share allowed for foreigners, trading volume and value, and the companies’ financial performance.