MSCI lifts weights of some Qatar stocks on foreign ownership reform | Reuters

MSCI lifts weights of some Qatar stocks on foreign ownership reform | Reuters:



"Global index compiler MSCI has increased the weightings of three Qatari companies in its emerging market index, citing changes in the way Qatar calculates ceilings on foreign ownership of its firms.



Qatar National Bank (QNB) will have its foreign inclusion factor raised to 0.13 from 0.06, Industries Qatar (IQ) to 0.13 from 0.06, and Qatar Islamic Bank to 0.25 from 0.21, according to an MSCI statement sent to its clients last week and seen by Reuters.



The changes, effective at the end of this month, will raise Qatar's total weight in the benchmark index to 0.59 percent from 0.47 percent, investment bank EFG Hermes estimated, basing its calculation on data from MSCI."



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