By: Mahmoud Gamal
Dubai – Mubasher: Damac Properties’ stock rose in Tuesday’s trading session, backed by the MSCI’s statement that it will add Damac Properties to its United Arab Emirates index on 1 June, in addition to news of the company implementing a new project, an analyst told Mubasher.
The company’s stock rose 4% to AED 2.82, with a turnover of AED 34.58 million generated from the exchange of 12.27 million shares.
The MSCI Emerging Markets Index currently includes markets from 23 countries, representing 10% of global bourses’ market value.
