Kuwaiti traders follow the stock market at the Kuwait Stock Exchange (KSE) in Kuwait City on October 14, 2017. / AFP / Yasser Al-Zayyat
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Kuwait has delivered more gains for stock investors than any other major market in the Middle East and Africa this year.The oil-rich Gulf nation's $103 billion stock market, similar in size to Ireland's, has surged more than 40 percent in the past two years amid increasing expectations of an MSCI Inc. promotion to emerging from frontier status.The Premier Market index, composed of 19 of the biggest and most liquid shares, fell in two of the four sessions this week.The efforts started to pay off last year when FTSE Russell elevated Kuwait to emerging-market status.It is currently the largest member of MSCI's frontier markets benchmark, but would represent less than 1 percent of the MSCI EM index.
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