Mubasher: The MSCI index will reclassify the MSCI Kuwait Indices from frontier markets to emerging markets in November 2020, the Kuwaiti Capital Market Authority (CMA) announced on Tuesday.

The move will coincide with the November Semiannual Index Review (SAIR), as per a reminder that was received by the CMA.

In April, It was revealed that the implementation of the reclassification has been postponed until November 2020 instead of May, in light of the impacts of the coronavirus (COVID-19) pandemic.