UPDATE 1-MSCI to continue using onshore FX rates for Qatari riyal for now:
"Equity index compiler MSCI will continue to use onshore foreign exchange rates to value Qatari stocks until further notice, instead of switching to offshore rates, MSCI said on Tuesday.
The decision, which follows a campaign by Qatari financial authorities to persuade foreign investors that they have free access to riyal currency, is likely to please Doha’s stock market.
Two weeks ago, MSCI had said it would consider using offshore rates because economic sanctions against Qatar had made it more difficult for foreigners to obtain riyal onshore. Such a step could have reduced the weightings of Qatari stocks in MSCI’s emerging market index."
'via Blog this'
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