Higher MSCI weightings lift UAE shares | The National

Higher MSCI weightings lift UAE shares | The National:



"UAE shares inched higher yesterday as fund managers increased positions in Emaar Properties, FGB and Dubai Islamic Bank (DIB) after MSCI lifted its weightings in the three stocks.



Investors who benchmark against MSCI’s Emerging Markets Index have until Wednesday to replicate the changes.



“It’s going to be effective in three days from today, so they have to be building positions ahead of the deadline,” said Nabil Farhat, a partner at Al Fajer Securities."



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