http://www.arabianbusiness.com/dubai-hits-three-week-low-markets-unfazed-by-msci-move-398072.htmlAbu Dhabi bourse's announcement that the country has met all requirements for an MSCI emerging market upgrade fails to boost sentiment and Dubai hits a three-week low.
"The effect of an MSCI inclusion will only be felt in the medium-term, when international funds begin allocating," says Sleiman Aboulhosn, assistant fund manager at Al Masah Capital.
Dubai's index ended 0.7 percent lower at 1,607 percent, its lowest close since April 13.
Air Arabia fell 1.6 percent after first-quarter net profit missed analyst estimates and fell 14.6 percent.
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