MSCI upgrade of Qatar, UAE markets to bring in 'USD350m from ETFs'
Global index compiler MSCI's upgrade of Qatar and the UAE into 'emerging' from 'frontier' status should see around $350mn from exchange traded funds alone into these markets, according to the Abu Dhabi Investment Company (Invest AD).
DFM index decline the first time in six days
UAE markets ended mixed on Wednesday, with the Dubai benchmark index dropping for the first time in six days amid investors waiting on the sidelines for more opportune levels to enter.
UAE markets close higher, escaping profit-taking anchor
Dubai shares saw some volatile trading on Tuesday but the benchmark index managed to advance, even as the majority of stocks traded ended in negative territory.