DFM crosses 5,000 points barrier for first time since 2008 | The National

DFM crosses 5,000 points barrier for first time since 2008 | The National:



"The Dubai Financial Market General Index closed above 5,000 points on Tuesday as investors flock to the bourse ahead of the country’s MSCI Emerging Markets upgrade.



It was the first time since July 2008 that the Dubai index breached the psychologically important barrier. HSBC predicts capital inflows of $370 million will result from the MSCI upgrade as passive investors gain automatic exposure to the country’s bourses.



The index closed just shy of 5,019 points."



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