Sunday 9 November 2014

MIDEAST STOCKS-MSCI index adjustments may boost UAE, Qatar | Reuters

MIDEAST STOCKS-MSCI index adjustments may boost UAE, Qatar | Reuters:



"Several stocks in the United Arab Emirates and Qatar look likely to gain on Sunday after index compiler MSCI increased their weightings in its emerging markets benchmark at the end of last week.



In a semiannual review, MSCI increased the weights for three stocks in the UAE and four in Qatar, citing relaxed foreign ownership restrictions.



In May, when MSCI upgraded the UAE and Qatar to emerging market status, it cut the weightings of a number of companies by a factor of 0.5 because of limits on foreign ownership and concerns about overall liquidity."



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