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Morocco, Egypt may be included in MSCI index
Regional, Economics, 4/1/2000
Morgan Stanley Capital international (MSCI) may include as of next November Morocco and Egypt on its list of emerging markets stock index, reported Bloomberg news agency.
The move would increase the demand by foreign investors for the shares of the enterprises listed on their stock exchange and raise the capital flows to $ 34 million for Egypt to $ 19 million for Morocco.
In the Arab states, only Jordan's stocks and shares are included in MSCI's emerging markets stock index, while Morocco and Egypt have a "standalone" status in the index.
The MSCI is also examining the possibility of including Greece on its list of stocks and shares of developed Markets, which will bring in investments worth $ 900 million to that country.
London-based Morgan Stanley Capital International produces indexes which are used by asset managers, MAP reported.
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