Three UAE firms are joining FTSE indices next month: ADX-listed Lulu Retail will be added to the FTSE Mid Cap and FTSE Global All Cap indices following FTSE Russell’s latest quarterly rebalancing, effective Monday, 23 June, Al Khaleej reports, citing a statement by the LSEG-backed index provider. Meanwhile, ADX-listed Mair Group and ADNH Catering will join the FTSE Global Micro Cap Index.
Why it matters: FTSE index inclusions typically trigger passive inflows from global funds that track these benchmarks, meaning all three Emirati stocks could see heightened foreign demand and liquidity. The move also signals growing global investor interest in the UAE’s capital markets.