Bader Al-Kharafi stresses role of private sector to achieve Amir’s vision

KUWAIT: Kuwait's stock exchange (Boursa Kuwait) has emerged as the fourth best in the world in 2019 in terms of performance, while it has surpassed all others in the Gulf region since the start of this year, according to a local investment firm. Boursa Kuwait's performance was worth 14.8 percent in the first half of the year, while Gulf markets had risen by 2.3 percent based on leading index provider Standard and Poor's rankings, read an NBK Capital report.

HH the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah received yesterday at Bayan Palace Minister of Commerce and Industry and Minister of State for Services Khaled Al-Roudhan, who presented members of the Board of Commissioners of Kuwait Capital Market Authority and the Board of Directors of Kuwait Stock Exchange and Kuwait Clearing Company on the occasion of Kuwait being promoted as an emerging market by Morgan Stanley Capital International (MSCI). HH the Amir praised efforts exerted by all concerned parties, which resulted in this achievement, which would enhance confidence in the national economy status locally and internationally.

Private sector representative and head of Boursa Kuwait's executive committee Bader Al-Kharafi stressed HH the Amir's vision on empowering the private sector is fully compatible with recent economic developments achieved through the bourse's privatization. Speaking after being received by HH the Amir, Kharafi stressed that meeting the Amir gave a great deal of moral support to the entire delegation, adding HH the Amir is keen on giving the private sector ample chances to play its role in developing the national economy and leading it towards leadership. In addition, following a meeting with HH the Prime Minister Sheikh Jaber Al-Mubarak Al-Sabah, Kharafi demanded full support to enlist government firms such as oil and petrochemical companies in the bourse. - Agencies