Boursa Kuwait Adopts FTSE Russell Industry Classification Benchmark

Boursa Kuwait ahas announced adopting the FTSE Russell Industry Classification Benchmark (ICB) for all equity stocks listed on its markets, starting June 2018.

The FTSE Russell ICB is a comprehensive, globally recognized standard, categorizing companies and securities across four levels of classification. Each company is allocated to the subsector that most closely represents the nature of its business, determined by its primary source of revenue and other publicly available information.