As Saudi Arabia's $500 billion-plus bourse prepares to open its doors to foreigners in June, outside investors appear ready to accept the political and financial risks as they finally get access to a market that rivals Brazil and Russia'
Morgan Stanley Capital International (MSCI) has announced that Gulf International Services, a Qatari listed company, will be added to its emerging market index.
In its semiannual review announced last week, MSCI also increased the
The Qatar Stock Exchange said it would consult with market participants and issuers next month on improving liquidity in the market, and review the way in which its indexes are calculated.
A committee including brokers, representa
The recent decision by the MSCI Global Equities Index to upgrade its classification of both the UAE and Qatar from Frontier to Emerging Market status will likely result in more stability and greater investment, a finance leader said.
Most stock markets in the Gulf retreated on a wave of profit-taking on Tuesday, led by Qatar, where there was a pull-back in some of the top stocks that had shot up before joining MSCI's emerging market index last week.
Qatari stocks fell 1 percent on Monday as the country debuted in MSCI's mainstream emerging index, though firmer Chinese data and expectations of euro zone policy easing lent support to broader emerging market assets.
The entry of the UAE and Qatar into the MSCI Emerging Markets Index - starting from tomorrow (June 2) - will clearly have a positive long-term impact, said a report.
Even though their weight in the index is small, it will prompt a
Most stocks in the United Arab Emirates and Qatar added to MSCI's emerging market index pulled back after making a sustained surge ahead of the upgrade.
Dubai port operator DP World heads losers, tumbling 6.7 percent. Abu Dhab
When index compiler MSCI upgrades the United Arab Emirates and Qatar to emerging market status at the end of this week, it will put those countries on the global investment map. But it may also end the bull runs in their stock markets.
Qatar's main share index surged to a record close on Sunday as investors targeted stocks that will be included in MSCI's emerging market index, while Egypt hit a 69-month peak before this week's presidential vote.