Saturday 12 April 2014

MSCI guest list grows as UAE shares soar | The National

MSCI guest list grows as UAE shares soar | The National:



"MSCI will announce on May 14 which stocks from the UAE and Qatar are to join its Emerging Markets Index – but Deutsche Bank is jumping the gun and making predictions.



The UAE’s bourses have been booming over the past year, and this has pushed up the number of stocks that will satisfy criteria for inclusion on the index.



In July, Deutsche Bank identified 8 stocks that would satisfy the MSCI inclusion criteria.



The bank on Thursday updated this to 12 stocks from the UAE in a paper in which it applied its equity research criteria to the countries’ listed companies."



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