MIDEAST STOCKS-Qatar, UAE rise, Egypt falls on MSCI index review | Reuters:
"Index compiler MSCI's semi-annual review lifted stock markets in the United Arab Emirates and Qatar on Wednesday, but had little impact on Saudi Arabia and was negative for Egypt.
MSCI published a standalone index for Saudi Arabia late on Tuesday which includes 19 stocks and is largely the same as the provisional Saudi index it compiled last year. One addition is Al Tayyar Travel Group, which rose 0.8 percent on Wednesday.
The index was released just before the Saudi market opens to direct foreign investment on June 15. Since Saudi Arabia will not be part of the emerging market universe for at least two years, however, significant inflows of passive foreign funds are not expected for now."
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