U.A.E. Stocks Gain as FTSE Gives Country Emerging Market Status
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Dubai’s benchmark index rose to the highest level in almost four months after FTSE Group categorized the United Arab Emirates as an emerging market, boosting confidence that foreign investment will increase.
Emaar Properties PJSC, developer of the world’s tallest skyscraper, climbed 1.6 percent and Dubai Investments PJSC jumped to the highest since May. The DFM General Index advanced