Mubasher: Kuwait’s addition to the MSCI Emerging Market Index would add further diversification to the index with an estimated weight of 0.69%, the US index compiler’s equity index committee chairman Sebastien Lieblich said.

The world’s biggest index provider, formerly known as Morgan Stanley Capital International & MSCI Barra, upgraded Boursa Kuwait from frontier to emerging market, after the latest regulatory and operational enhancements introduced to the Kuwaiti market.

Lieblich, who also the MSCI’s global head of solutions, hailed making omnibus account structures and national investor number (NIN) cross trades available for foreign investors, according to the Ministry of Commerce and Industry.

On a side note, commerce and industry minister Khaled Al Roudan projected that investment inflows into Kuwaiti market would amount up to $4 billion.