The moment regional investors have been waiting for is nigh; in just two days the UAE will find out if it has been successful in receiving an upgrade to emerging markets status by index compiler MSCI.
The upcoming announcement has acted as the key catalyst in moving the UAE's three bourses — the Dubai Financial Market (DFM), the Abu Dhabi Securities Exchange (ADX) and Nasdaq Dubai — over the last few months as traders realign their positions ahead of a potential influx of liquidity into the marketplace.
MSCI (Morgan Stanley Capital International) global equity indices serve as the basis for over 400 exchange traded funds throughout the world.
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