It is not just the controversy surrounding Qatar's Fifa World Cup winning bid that is weighing on the Gulf nation's market.
Qatar looks like it has knocked on the head any chance of an upgrading by the index compiler MSCI to "emerging market" status.
The chairman of the country's exchange said ownership limits, a key element in the nation's potential for an upgrading from "frontier market" status, would continue to stand at 25 per cent. There had been talk of lifting the limit to 49 per cent, potentially prompting an influx of foreign direct investment.
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