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Boursa Kuwait likely to receive $412m inflows in September

Boursa Kuwait likely to receive $412m inflows in September
The stock exchange is projected to receive another $412 million in December
KFH
KFH`R
7.08% 786.00 52.00
NBK
NBK`R
9.84% 1,049.00 94.00
BPCC
BPCC`R
-12.73% 610.00 -89.00

ZAIN
ZAIN`R
9.05% 518.00 43.00

Mubasher: EFG Hermes expected that Boursa Kuwait would receive cash inflows valued at $412 million after listing on the FTSE emerging markets index in September 2018.

The stock exchange is projected to receive another $412 million in December, EFG Hermes noted.

FTSE will announce the results of the semi-annual review in September after changes take effect on 21 September, 2018, EFG Hermes added in a statement.

The cash inflows are forecast to be received from the National Bank of Kuwait (NBK), Kuwait Finance House (KFH), and Zain Group at a value of $136 million, $100 million, and $61 million, respectively.

After listing on FTSE’s EM index, Boursa Kuwait is expected to receive a cash inflow from Boubyan Petrochemical at a value of $21 million.