The UAE has outperformed emerging-market stocks this year as the country's exclusion from the MSCI Emerging Markets Index has shielded it from a heavy sell-off fuelled by the euro-zone crisis.
But a strong resurgence expected in emerging markets means there are still compelling reasons for the UAE to join the index, say analysts.
"We have largely been immune this year from some of the problems in play in the rest of the world," said Tarek Lofty, the head of asset management at Arqaam Capital. "Our markets also witnessed a lower level of activity and participation, in contrast to emerging and global markets."
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