MIDEAST STOCKS-Qatar outperforms on hopes MSCI may boost weightings of bluechips | Reuters:
"Qatar stocks rose more than one percent on Monday, leading among Gulf markets, as investors bet that index-compiler MSCI will increase weightings for some of the country’s top blue-chip companies in its emerging market index review. Banking stocks drove Saudi shares higher as investors also hoped MSCI will upgrade Riyadh next month to emerging market status, following FTSE Russell’s similar decision in March. Qatari stocks ended the day 1.3 percent higher, fuelled by 3.4 percent gains in Qatar National Bank and a 2.7 percent rise in Industries Qatar."
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