Alfa’s shares were trading 8% lower at 11.86 pesos per share shortly before noon local time after falling as much as 16.28% after the market opened, which prompted the stock exchange to temporarily halt trading. The stock closed down 6.7% at 12.03 pesos. ADVERTISEMENT Alfa said in a statement that it did not know the reasons for the decline in its shares. On Friday, index provider MSCI said it would remove the company “in light of a potential investability issue for foreign investors due to low foreign room,” with the removal to take effect as of Wednesday’s close. (Reporting by Daina Beth Solomon and Noe Torres; editing by Drazen Jorgic and Richard Pullin)