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A megamerger of the two biggest banks in the United Arab Emirates should leave the combined company with a larger representation on the benchmark emerging-market index, triggering hundreds of millions of dollars of inflows to the stock, according to calculations by EFG-Hermes strategists.The enlarged bank, trading as National Bank of Abu Dhabi, could gain an MSCI Emerging Markets Index weighting of 0.18 percent once a liquidity factor adjustment is removed, compared to the banks' combined 0.1 percent right after the merger, he said.
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