Qatar Electricity and Water (QEWC) could get a jolt if as expected the country is upgraded to an emerging market from its current frontier market status.
Shares in the third-largest traded utility in the Middle East by revenue have increased 27.5 per cent in the past six months but traders expect another boost ahead of a widely anticipated upgrade to the MSCI Emerging Market Index.
Yesterday the stock was rated "buy" in new coverage at Deutsche Bank, with a price estimate of 165 Qatari rials for the company.
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