BlackRock Gains 0.07% as Trading Volume Plummets 50% to $370M (Rank 284th) Amid Kuwait Expansion and Citi Partnership

On September 9, 2025, , ranking 284th in market activity. The firm secured regulatory approvals and commercial licenses to establish a physical presence in Kuwait, aligning with the country’s “New Kuwait 2035” vision. The office, led by Ali Al-Qadi, will offer investment advisory, customer service, and financial advisory services leveraging the Aladdin system. BlackRock CEO emphasized the move’s role in strengthening Kuwait’s financial system and national capabilities.

The expansion follows a strategic partnership with Citi Wealth, . The collaboration, branded as “Citi Portfolio Solutions powered by BlackRock,” integrates Citi’s advisory expertise with BlackRock’s investment technologies, including Aladdin Wealth for risk and portfolio management. This partnership underscores BlackRock’s efforts to deepen its footprint in high-net-worth markets while enhancing operational efficiency through technology-driven solutions.

Backtesting a cross-sectional strategy involving daily rebalancing of the top 500 U.S. equities by trading volume from January 1, 2022, to September 9, 2025, remains pending due to tool limitations. The proposed approach requires selecting an ETF or index proxy or narrowing the universe to a predefined set, such as the S&P 500, for a single-ticker analysis. A multi-asset backtest is currently unavailable, though the methodology can be outlined for future execution.