Dubai's bourse closes at its highest level for five months, while Abu Dhabi's index ends at a fresh 14-month
high.
The Dubai index jumps 1.2 percent to 1,623 points, its highest close since May 1.
The advance was aided by news that Vanguard Group, one of the largest mutual fund providers in the United States, would switch to using FTSE Group from MSCI for benchmarking, opening up stocks in the United Arab Emirates to their funds. While FTSE classifies the UAE as emerging market, MSCI ranks it as a frontier market.
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