gulfnews : Benefits of upgrade may not be felt in UAE soon

Stock exchanges in the UAE may not feel the benefits of a potential upgrade to emerging market status due to low liquidity levels and problems in the Eurozone, analysts told Gulf News.

The UAE will find out in the early hours of Thursday if its upgrade application has been successful when index compiler Morgan Stanley Capital International (MSCI) announces the results of its latest classification review, having postponed its original decision in June.

Most analysts and investors agree an upgrade would have a significant impact in the long run as the country's three exchanges — the Dubai Financial Market, the Abu Dhabi Securities Exchange and Nasdaq Dubai — would be on additional radar screens for global investors.

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