Report
Michael Malkoun
EUR 92.70 For Business Accounts Only

KSA & Kuwait Index Update – EM index inclusion looking more likely

​FTSE inclusion into EM to most likely come first for KSA and Kuwait, with a favorable announcement likely in September 2017 and implementation to begin in September 2018.

MSCI watch list addition of KSA very possible in June 2017 with implementation in May 2019 – we expect a weight of 2.31-2.45% in the MSCI EM Standard Index, going up to c.4.61% with Aramco.

Kuwait MSCI watch list inclusion in June 2017 is still questionable on low liquidity – the country could eventually have a c.0.44-0.53% weight in the MSCI EM Standard Index.

Provider
Arqaam Capital
Arqaam Capital

Established in 2007, Arqaam Capital is a specialist emerging markets investment bank, bringing regional and international product offerings to the emerging markets. Arqaam Capital combines international best practice with expertise in the markets in which we operate. Our primary role is to provide financial intermediation and create investment opportunities for frontier and emerging markets investors looking to invest in their own markets and abroad, as well as international investors seeking opportunities in target frontier and emerging markets. Arqaam Capital is headquartered in the Dubai International Financial Centre (DIFC), with additional offices in Libya, Lebanon, Egypt, and South Africa. 

Arqaam Capital's research platform provides the largest coverage footprint of MENA equities and one of the largest on the African continent with a total of 300 stocks under coverage. Arqaam Capital is ranked as one of the leading research providers in the region - a reflection of its broad coverage universe, its in-depth and high quality research, as well the compelling investment ideas that the team generates. The analysts closely analyze their sectors and issue in-depth company and sector research while the strategy team connects the micro with the macro, focusing on index analysis, macroeconomics and strategy research. 

Analysts
Michael Malkoun

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