18 Hrs
Source:
Sky News
MSCI updates UAE markets
MSCI conducted its regular review of the UAE financial markets, which included adding Emirates Integrated Telecommunications Company "du" stock to its global index. This move enhances its attractiveness to foreign investments and is expected to generate inflows valued at $340 million. Additionally, the stocks of Dar Real Estate Development and Edutainment Holding were removed from the small-cap companies index. These review periods are characterized by increased liquidity and intense trading activity, driven by the reorganization of foreign investors' portfolios in the market.
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