MIDEAST STOCKS-MSCI, economy worries sink Qatar; Egypt down on FX fears | Reuters:
"Qatar's stock market fell sharply on Monday as funds flowed out because of changes to MSCI's emerging market index and concern about the impact of low energy prices on the economy. Other Gulf markets fared much better, but Egypt's sank on currency fears.
Qatar's main index tumbled 4.4 percent, its biggest daily drop since August, to a two-year low of 10,091 points in the heaviest trading volume for six months.
Index compiler MSCI was due to add overseas-listed Chinese companies to its emerging market index after the close on Monday; EFG Hermes calculated in mid-November that by diluting Qatar's weighting in the index, this would suck $92 million from the Qatari market."
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