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DP World soars ahead of MSCI’s UAE upgrade

: Tuesday, May 13 - 2014 @ 18:17

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.

Gérard Al-Fil


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Tuesday, May 13- 2014 @ 18:17 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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