MIDEAST STOCKS-Qatar rebounds after sell-off on MSCI | Reuters:
"Qatar's stock market rebounded sharply in early trade on Tuesday after plunging on the previous day as MSCI rebalanced its emerging markets index.
The Qatari index tumbled 4.4 percent on Monday as MSCI added overseas-listed Chinese companies to its index, diluting Qatar's weighting and causing an outflow of passive funds. The drop in the Qatari market was magnified by thin turnover and a lack of buying interest.
But with passive funds now gone, locals bought back stocks on Tuesday, with the index jumping 3.3 percent in thin trade."
'via Blog this'
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