MIDEAST STOCKS-Qatar recovers from MSCI shock; Egypt bounces from chart support | Reuters:
"Several major Middle Eastern stock markets rose on Tuesday, led by Qatar, which recovered steep losses triggered the previous day by MSCI's rebalancing of its emerging markets index.
Qatar's stock 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.
On Tuesday, Qatar rebounded 4.4 percent. Gulf International Services, the second most active stock on Doha's exchange, surged 10 percent after plunging 9.4 percent on Monday as it was deleted from the MSCI emerging market index."
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