Boursa Kuwait launches new index to encourage trading in main market shares – The National

Boursa Kuwait launches new index to encourage trading in main market shares – The National

Boursa Kuwait launches new index to encourage trading in main market shares. BK Main 50 index comprises the 50 most-actively traded shares in subsection of the market. Boursa Kuwait created a new BK Main 50 index containing the most heavily-traded shares in its main market.. The operator of Kuwait's equity market, which listed its shares in a public offering last December, said the new index will represent the 50 most liquid shares, weighed by market capitalisation.. The Premier Market Index contained the 16 biggest companies by market capitalisation, including National Bank of Kuwait, Kuwait Finance House and logistics company Agility.. The main market included companies whose free floating shares had a value of 15m dinars and three years of operations.. Companies that failed to meet either of these criteria joined the auction market containing the least liquid shares.. The inclusion of Kuwait into MSCI's emerging markets index is likely to lead to as much as $3 billion (Dh11bn) in passive inflows, Boursa Kuwait said at the time of the announcement.. The main market index only increased 3.6 per_cent.. It said the market is likely to witness "additional sizeable passive and active capital inflows" this year, but that some profit-taking is