Arab Today, arab today adx exception to region’s market falls
Last Updated : GMT 14:40:41
Arab Today, arab today
Arab Today, arab today

ADX exception to region’s market falls

Arab Today, arab today

Arab Today, arab today ADX exception to region’s market falls

Abu Dhabi - Arabstoday

Stocks in Dubai and Doha fell after the UAE and Qatar failed to secure an upgrade to the MSCI Emerging Markets Index, but Abu Dhabi’s market heavyweights bucked the downward trend across the Middle East to lead the ADX higher.The UAE and Qatar missed out on reclassification to “emerging markets” status for the fourth consecutive year since 2009. Following the announcement yesterday morning, the Dubai Financial Market General Index fell 0.4 per cent to 1,470.45 points, while Qatar’s QE Index slid 0.6 per cent to 8,253.46. However, the Abu Dhabi Securities Exchange (ADX) General Index rose 0.7 per cent to 2,508.59, the only Middle Eastern market making gains yesterday. Stocks including Etisalat, Aldar Properties and Abu Dhabi National Energy Company led the market higher. In Dubai, Emaar Properties, Aramex and Dubai Financial Market Company were among the biggest losers. But MSCI’s decision should do little to dampen market activity in the weeks ahead and the door was still open to an upgrade in future years, said Georges Elhedery, the regional head of global markets at HSBC. “It’s important that we should not see failure to be upgraded on this occasion as fatal,” he said. “This is not a binary decision, inclusion gets regularly reviewed and substantial progress is being made by both markets.” The MSCI Emerging Markets Index tracks about US$3.2 trillion in global equities in economic powerhouses including China and Brazil, and inclusion is expected to bring billions of dollars of investment from institutional investors. Morocco’s Masi index fell 1 per cent to 8,209.36 yesterday, after MSCI signalled it could downgrade the country from emerging to frontier market status because of low liquidity levels.from the national.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today adx exception to region’s market falls Arab Today, arab today adx exception to region’s market falls

 



Arab Today, arab today
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today 11 family members dead in rebel push

GMT 07:57 2017 Tuesday ,21 February

11 family members dead in rebel push
Arab Today, arab today To probe sexual harassment claims

GMT 10:08 2017 Tuesday ,21 February

To probe sexual harassment claims
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Ahmed Fahmy stresses he did not ignore singing

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 14:51 2017 Monday ,20 February

Ways to acquire presentation skills

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday