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17/08/2015 08:22 AST
MSCI increased their weightings in its emerging markets index in a quarterly review. According to VTB Capital, the weighting of CBQ (Commercial Bank of Qatar )almost doubled while Ezdan’s increased 20 per cent.
Those increases could drive $16 million (Dh58.7 million) of passive fund inflows into CBQ and $8 million into Ezdan when they are implemented at the end of August, VTB Capital estimated. Gulf investors usually bid up upgraded stocks ahead of passive inflows.
Gulfnews
Ticker | Price | Volume |
---|---|---|
SABIC | 114.77 | 5,915,941 |
SAMBA | 26.98 | 1,138,683 |
DARALARKAN | 13.47 | 74,648,349 |
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Gulf News