Abu Dhabi-Mubasher: Etisalat stock topped gainers after accounting for the lion’s share of market’s trading volume following the news that equity index compiler MSCI will add the telecom operatoras of 30 November to its emerging markets index.

The stock gained 5% to reach 15.70 points by 1:30pm UAE time.

The stock accounted for 83% of the market’s trading after turnover reached AED 674 million as 809.44 million shares.

Etisalat Group previously announced that its board has approved the controls and procedures governing foreign ownership based on the company’s new articles of association.