• Kuwaiti stocks are outperforming Gulf peers this year, driven by banking gains and optimism over long-awaited economic reforms. The Boursa Kuwait Premier Market has surged 11%, far exceeding Dubai’s gains and MSCI’s emerging markets index. Investors are betting that ruler Sheikh Mishaal’s push to clear spending obstacles—including a potential bond sale—will unlock growth.

• Banks like Boubyan, Burgan, and Warba have soared 18%+ amid hopes for mortgage law reforms that could expand retail lending. Kuwait’s stocks also trade at lower valuations than Gulf peers, making them attractive. An FTSE Russell index upgrade could further boost sentiment, though legislative delays pose risks. With market confidence high, analysts expect IPO activity to rise, strengthening performance.