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U.A.E., Qatar Potential Candidates for MSCI Upgrade, HSBC Says

The United Arab Emirates and Qatar could be upgraded to emerging-market status at MSCI Inc. this month after both nations improved market accessibility, HSBC Holdings Plc said in a report.

Morocco could be reclassified to frontier market from emerging market because of “diminished liquidity,” HSBC said. The U.A.E. and Qatar have improved their delivery-versus-payment systems and now include the buyer-cash-compensation procedure, where the buying investor is paid in cash if a security is unavailable for delivery on settlement day, the report said.