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Stock impact report

Kuwait Stocks Outshine Gulf Peers as Ruler Pushes for Reforms [Yahoo! Finance Canada]

MSCI Inc (MSCI) 
Last msci inc earnings: 4/28 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.msci.com
Most Read from Bloomberg The Boursa Kuwait Premier Market has jumped 11% this year, more than four times the pace of gains in neighboring Dubai and twice as much as MSCI Inc.'s emerging markets gauge. The buzz around Kuwaiti equities is a wager that moves by ruler Sheikh Mishaal Al-Ahmed Al-Sabah to clear obstacles holding back government spending will work. He suspended parliament for four years last May to end political deadlock, with a spinoff of that expected to be legislation allowing the OPEC member to sell its first bonds since 2017. The potential for other reforms in areas like property finance have helped power a surge in banking stocks. Boubyan Bank KSCP, Burgan Bank SAK and Warba Bank KSCP are all up at least 18% this year. “The mortgage law is expected to accelerate growth for Kuwait banks' retail franchises,” said Jaap Meijer, head of research at Arqaam Capital in Dubai. Kuwaiti stocks also have the attraction of less-demanding valuations than the average of Gu Show less Read more
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