UAE's Dana Gas inclusion in MSCI Emerging Markets Small Cap Index | ZAWYA MENA Edition

UAE's Dana Gas inclusion in MSCI Emerging Markets Small Cap Index | ZAWYA MENA Edition:

Dana Gas, a regional private sector natural gas company, has announced its inclusion in the Morgan Stanley Capital International, MSCI, for Global Small Cap Indexes, effective 27th May, 2019.

The MSCI Emerging Markets Small Cap Index captures small-cap representation across 24 Emerging Markets countries. With 1,571 constituents, the index covers approximately 14% of the free float-adjusted market capitalisation in each country.

The small cap segment tends to capture more local economic and sector characteristics relative to larger Emerging Markets capitalisation segments. Dana Gas has joined the benchmark which includes 23 emerging markets countries, including the United Arab Emirates.