Etisalat will soon be added to MSCI Emerging Markets Index | The National

Etisalat will soon be added to MSCI Emerging Markets Index | The National:

"The index complier MSCI will add Abu Dhabi-based Etisalat to its Emerging Markets Index at the end of this month. The move comes after the telecoms operator in September allowed foreign investors to own the blue-chip stock.

MSCI did not say what Etisalat’s weighting would be. The UAE and its stocks were incorporated into MSCI’s Emerging Markets Index in June last year after they were upgraded from their previous frontier markets designation in 2013.

“We can suspect that Etisalat shares will outperform the market in the coming days and weeks, before the stock is included in the benchmark,” said Sebastien Henin, head of asset management at the Abu Dhabi-based investment firm The National Investor."



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