MIDEAST STOCKS-Region outperforms as MSCI hopes aid Qatar, IPO boosts Saudi | Reuters:
"Most Middle Eastern stock markets rose on Monday, outperforming weak Asian and European bourses, as hopes for a bigger weighting in MSCI's indexes buoyed Qatar and a successful initial public offer supported Saudi Arabia.
The Qatari index climbed 1.2 percent as Industries Qatar surged 3.2 percent. When it upgraded Qatar and the United Arab Emirates to emerging markets in May, MSCI applied an "adjustment factor" of 0.5 to stocks there, citing "accessibility issues to international institutional investors"; in August, it said it might consider at a November review whether to raise Qatar's adjustment factor to 1.
MSCI is to announce the results of the review on Thursday evening and some analysts think Qatar's weighting is likely to be raised, which could attract some $200 million of fresh, passive funds to the market. As a leading blue chip, Industries Qatar would be a major beneficiary."
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