The Cayan tower (C), the world's tallest twisted tower stands at Dubai's Marina on June 11, 2013 in the United Arab Emirates. AFP PHOTO/KARIM SAHIBSAHIB
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Modest trading volumes suggest United Arab Emirates stock exchanges may struggle to overcome looming technical resistance levels as the country's upgrade to MSCI's emerging market status nears.Buying by local retail investors helped Abu Dhabi's benchmark rise 2.5 percent to 5,049 points Monday, while Dubai climbed 1.9 percent to 4,955 points. Abu Dhabi faces minor chart resistance at the early May high of 5,109 points and strong resistance on last month's multi-year peak of 5,249 points.
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