Emirates – Abu Dhabi Islamic and Aramex towards Morgan Stanley –...

Emirates – Abu Dhabi Islamic and Aramex towards Morgan Stanley –...
Emirates – Abu Dhabi Islamic and Aramex towards Morgan Stanley –...
(MENAFN – Al-Bayan) Date: November 03, 2020 Arqaam Capital expects that the UAE markets will witness changes this November in the shares of its companies listed on the MSCI Emerging Markets Index.

Numan Khaled, an economic analyst at Arqaam Capital, said that one of the most prominent changes is the addition of Abu Dhabi Islamic and Aramex Emirates Transport Services to the index during this month. And he expected Abu Dhabi Islamic share to join the big index within the index, to attract $ 106 million, while he expected Aramex to join the small index to attract $ 6 million.

He added that attracting more Emirati shares is linked to a decision by the companies themselves, which is to increase the percentage of foreign ownership allowed. The total value of the companies listed on the index is about $ 1.6 trillion.

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