Egypt's stock exchange, which has been closed since January 28 after the onset of protests that toppled President Hosni Mubarak, faces the risk of being excluded from MSCI's emerging markets index when the index provider reviews its status in four weeks.
Egypt would face possible exclusion from the index only if its stock market does not reopen before MSCI begins to consider a decision.
Local investors are worried a removal of Egypt from MSCI indexes would trigger a further outflow of money from an already wounded market, which has seen its growth outlook pared to about 4.3 percent of gross domestic product to end-June from the government's previous forecast of 6 percent.
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