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MSCI announcement drives markets
ENAR

by Thomas Schellen
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The region’s securities markets showed mixed performances last week with the strongest gain recorded in Egypt at 4.2 percent for the EGX30 and the biggest drop in Dubai at minus 2.3 percent for the DFM General Index. The Qatar Exchange benchmark advanced 1.3 percent and the MSM30 in Oman dropped 1.3 percent. Between index openings on May 11 and 12 and respective closings on May 15 and 16, the Saudi, Kuwaiti, Lebanese and Moroccan securities markets were flat; the Tunisian and Jordanian markets were up by less than one percent; and the Abu Dhabi and Bahraini markets fell by less than one percent. MSCI index entrants announced In terms of attention grabbers, Middle East and North Africa markets were wholly engulfed in the index admissions announced by MSCI late on May 14, near the end of the year’s 20th trading week. In a press statement from Geneva, MSCI specified 19

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