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The changes to the components of the MSCI global benchmark indices entered into force after the close of the session on May 31, 2023. The semi-annual review of the MSCI Emerging Markets indices showed the addition of the “Americana Restaurants” stock to its global benchmark index, and the addition of the Diyar stock. To develop into the index of small companies, and remove «Q Holding» from the global benchmark index.
The local stock markets witnessed strong trading, with a value of 4.2 billion dirhams, at the end of the May session, distributed between 964.5 million dirhams in Dubai and 3.23 billion dirhams in the Abu Dhabi market.
This strong liquidity came amid a rebalancing of the MSCI Emerging Markets indices, of the index components of the UAE stocks included in the global and small benchmark index. The Abu Dhabi Securities Market index fell 0.819% to 9406.57 points, and the Dubai Financial Market index rose 0.26% to 3576.63 points.
The share of “Emaar Properties” rose 2.67% to 6.15 dirhams, with strong transactions amounting to 454 million dirhams, and “Deyaar” rose 0.75% to 0.666 dirhams, while “Emirates NBD” declined 0.7% to 13.65 dirhams, with a liquidity of 124.2 million dirhams, and “Dubai Al-Islami »0.19%, to 5.26 dirhams, with a liquidity of 101.5 million dirhams.
“Americana Restaurants” share jumped 6.15% to 4.14 dirhams, with strong transactions amounting to 649.7 million dirhams, while “A&” declined 2.7% to 23.08 dirhams, with transactions amounting to 648.1 million dirhams, and “Multiplay” declined 4.89% to 3.31 dirhams, with a turnover of 351.4. One million dirhams, and “Q Holding” 2.15% to 2.28 dirhams, with a circulation of 316.2 million dirhams, and “First Abu Dhabi” 1.24% to 12.7 dirhams, with a circulation of 252.5 million dirhams.
