MIDEAST STOCKS-Gulf investors book profits on some MSCI picks | Agricultural Commodities | Reuters:
"Dubai and Qatar's bourses fell on Thursday as investors booked profits in many stocks including those that MSCI picked to be part of its emerging market index.
Dubai's benchmark dropped 2.6 percent, largely due to Emaar Properties and Dubai Islamic Bank which fell 4.1 and 4 percent respectively.
Index compiler MSCI late Wednesday said both companies would be among those moving to its emerging market benchmark from the frontier market index at the end of May.
Emaar's inclusion had appeared certain to investors, while analysts were confident Dubai Investment Bank would also make the cut after the lender increased its foreign ownership limit last December to 25 percent of its shares from 15 percent."
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