Qatar market rallies further ahead of MSCI upgrade

13/05/2014 19:58 AST

The Doha-based QE 20 Index consolidated above 13,000 points by gaining 0.82 per cent to hit 13,174.74 points on Tuesday, May 13. Bank Emirates NBD in Dubai revealed yesterday (Monday, May 12) that the upcoming upgrade of the Qatari market to emerging market status on June 2 should prove supportive, especially since some tracker funds can only invest once the Gulf state is effectively part of the MSCI emerging market index universe. The shares of Aamal, Qatar Insurance and Ezdan Holding all closed 10 per cent higher (limit up). The Investors dived 2.27 per cent, finishing as the top loser.


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