The FTSE NASDAQ Dubai UAE 20 Index jumped 2.32 per cent to close at 4,652.43 points on Tuesday, May 13. Dubai Ports (DP) World surged by 4.37 per cent to hit $19.60, a one-month high. Emirates REIT, the Islamic real investment trust, slipped 0.68 per cent to $1.47. The UAE (along with Qatar) will be officially upgraded to emerging market status on June 2. Analysts expect a further boost for UAE heavyweights, such as DP World.
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