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Wednesday, 15 June 2011

Dubai bourse highest since February on MSCI index rumours « ArabianMoney

Dubai shares jumped by 2.2 per cent today on a much higher than normal volume of 194 million shares as rumours circulated that the bourse might have clinched inclusion in the MSCI emerging markets index which is expected to be announced this time next week.

It could be that the MSCI impact on Dubai share prices is a question of being better to travel than to arrive, and that once the announcement is made shares will actually fall back. The same thing happened when DP World was finally listed on the London Stock Exchange and promptly declined in value.