Billion-dollar boost for UAE and Qatar stock markets | The National:
"As UAE and Qatari stocks inch closer to their inclusion on MSCI’s emerging markets index, analysts are already expecting fresh inflows to top US$1 billion for those countries’ stock markets.
A report by EFG-Hermes, the region’s biggest publicly listed investment bank, forecast $516 million in new money to the UAE, with the Dubai developer Emaar Properties enjoying the bulk of that liquidity. “Our estimates indicate that Emaar and QNB [Qatar National Bank] will see the largest dollar flow from passive funds, of $162m and $102m, respectively,” said the research analysts Simon Kitchen and Mohamed Al Hajj in a note to clients yesterday.
The analysts estimated $492m worth of inflows for Qatar."
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