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Boursa Kuwait to launch new 'BK Main 50 Index' Sunday

Boursa Kuwait to launch new 'BK Main 50 Index' Sunday
The BK Index will utilise a market cap weighted price return methodology

Mubasher: Boursa Kuwait Securities Company will launch a new main index under the name 'BK Main 50 Index' as of Sunday, 9 February, to include the top 50 firms listed on the Main Market as per their average daily traded value (ADTV).

The BK Main 50 Index will utilise a market-cap-weighted price in Kuwaiti dinar, the company announced on its official Twitter account on Thursday.

It is worth mentioning that Boursa Kuwait will review the index on an annual basis for inclusions and exclusions.