Dubai – Mubasher: Damac Properties will join the MSCI Emerging Markets (EM) large companies index after Wednesday’s trading session comes to an end.
In mid-May, MSCI EM announced that Gulf General Investment Company (GGICO) was removed from the small cap companies and EM indices, effective end of May, according to a previous statement.
Damac’s stock closed on Tuesday at AED 2.89 after adding 0.35%, whereas GGICO’s stock closed at AED 0.360 after dropping 2.17%.
