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المشهد العربي
Adani Firms Lose $15B in Market Value
The market value of the Adani Group companies decreased by $15 billion, marking the largest single-day decline in about 21 months, due to market fluctuations related to the rebalancing of MSCI indices. Trading activity led to a broad decline in the shares of the nine affiliated companies, with three of them dropping more than 6%. The market also experienced significant cash inflows resulting from the adjustment of the MSCI index's portfolio, amounting to nearly $4.2 billion, with expectations that inflows will continue into companies like Adani Energy and Adani Enterprises.
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