Arab Today, arab today qatar exchange remains upbeat on msci upgrade hopes
Last Updated : GMT 05:04:11
Arab Today, arab today
Arab Today, arab today

Qatar Exchange remains upbeat on MSCI upgrade hopes

Arab Today, arab today

Arab Today, arab today Qatar Exchange remains upbeat on MSCI upgrade hopes

Doha - Arabstoday

Qatar\'s Stock Exchange has said it understands why it failed to persuade MSCI to reclassify it from frontier to emerging market status. It said in a statement that the MSCI review was \"understandable in view of the fact that no changes have yet been made to foreign ownership limits\". Index provider MSCI on Wednesday maintained the UAE and Qatar as frontier markets, once again delaying a much-awaited promotion of the Gulf states to emerging markets status. Both countries remain up for a possible upgrade in June 2012, as part of MSCI\'s annual market classification review, the company said in a statement posted on its website. A spokesman for the Qatar Exchange cited the positive steps taken by it and the regulators in Qatar to meet the criteria set by MSCI. \"Although we would have been happy if the reclassification has been achieved, we remain confident that the Qatari market will continue its drive towards success motivated by the strong economy of the State of Qatar and the favourable performance of the companies listed on the exchange,\" the spokesman said. \"This year, QE is expected to be the best performing market in the region and one of the best dividend paying markets globally,\" he added. The UAE\'s main markets fell more than 1 percent and Qatar ended lower on Thursday after the bourses failed for the third time to gain emerging market status. MSCI, which had already denied a promotion to the UAE and Qatar in 2009 and 2010, cited investor concerns on the effectiveness of a new delivery-versus-payment system, or DvP, at some of the bourses. Stringent foreign ownership limits in Qatari stocks was also an impediment, it said.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today qatar exchange remains upbeat on msci upgrade hopes Arab Today, arab today qatar exchange remains upbeat on msci upgrade hopes

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today qatar exchange remains upbeat on msci upgrade hopes Arab Today, arab today qatar exchange remains upbeat on msci upgrade hopes

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?

GMT 17:28 2017 Thursday ,18 May

Saudi stocks rise in heavy trading

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%

GMT 06:20 2017 Tuesday ,16 May

Tadawul index climbs 0.6%

GMT 13:43 2017 Monday ,15 May

Oman share index declines marginally
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday