Noor Financial Investment Co first provider for Exchange Traded Funds (ETFs) in Kuwait

The ETF's include:
Noor Dow Jones Kuwait Index ETF
Noor Dow Jones Kuwait Islamic Index ETF

Mr. Nawal Ahmed, Chief Investment Officer of Noor Financial Investment Co, explained that ETFs are index-based tracker stocks that closely track a stock index. Designed to provide ease of gaining exposure to an entire index by one simple trade, the Dow Jones Kuwait Index and the Dow Jones Kuwait Islamic Index ETF are designed to track the Kuwait Stock Market and the and Shariah compliant stocks on the Kuwait Stock Market.

ETFs have gained tremendous popularity worldwide due to the fact that they allow investors to gain specific market or industry exposure over an entire basket of stocks by executing a single trade. Additionally, ETFs enhance the liquidity of the markets they track by attracting international investors.

Lars Hamich, managing director of STOXX Limited, the joint venture that is responsible for Dow Jones Indexes business development in Europe, Africa, Asia and the Middle East, said: "We view the launch as evidence of the growing sophistication of this marketplace, and we look forward to continuing our contribution to the region's capital market developments."