MIDEAST STOCKS-Qatar hits record high before MSCI move; Egypt up before vote | Reuters:
"Qatar's main share index surged to a record close on Sunday as investors targeted stocks that will be included in MSCI's emerging market index, while Egypt hit a 69-month peak before this week's presidential vote.
MSCI will upgrade Qatar, along with the United Arab Emirates, from frontier market status at the end of this week, adding 10 Doha-listed stocks to its emerging market benchmark.
Masraf Al Rayan will be Qatar's lead stock in the index, accounting for about a quarter of the country's weighting; the Islamic lender's shares jumped 10 percent on Sunday to its daily limit-high.
Industries Qatar and Qatar Electricity and Water , which MSCI will also add to its emerging market index, climbed 3.8 and 3.5 percent respectively."
'via Blog this'
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