Lulu stock added to FTSE Global Equity Index Series - and that helps get more attention

New index entry gives UAE hypermarket operator significant global investor exposure

Last updated: May 27, 2025 | 11:43

Manoj Nair, Business Editor

1 MIN READ

Lulu Retail's stock has been on the upward curve in recent weeks. Addition to the FTSE indexes will help it garner serious investor attention.

LuLu

Dubai: The hypermarket operator Lulu Retail has now become part of the influential FTSE Global Equity Index Series. This will come into effect from June 23.

Lulu, which trades on ADX, has just released upbeat Q1-2025 results, which also show significant headroom for the retail to grow further in Saudi Arabia.

Its IPO in Q4-2024 drew significant interest, including from retail investors.

Also Read: Lulu Retail books higher profits for Q1-2025 as Ramadan demand helps

The Lulu stock is trading at Dh1.36, gaining 0.74%. (The IPO price was Dh2.04.)

Lulu will be added to FTSE Mid Cap, FTSE All-World, FTSE All-Cap, and FTSE Total-Cap indices.

"These widely tracked indices are key benchmarks for global institutional investors and inclusion is expected to increase the visibility of the company and broaden engagement with international investors," said a statement.

According to Saifee Rupawala, CEO of Lulu, “Our inclusion in the FTSE Global Equity Index Series underscores the strength of our retail model, operational scale, and the trust investors have placed in our vision. It enhances our visibility on the global stage and opens new avenues for engagement with long-term international capital.”

Recently, Salik, ADNOC Gas and DEWA were added to the MSCI Emerging Markets Index.

Manoj NairBusiness Editor

Manoj Nair, the Gulf News Business Editor, is an expert on property and gold in the UAE and wider region, and these days he is also keeping an eye on stocks as well. Manoj cares a lot for luxury brands and what make them tick, as well as keep close watch on whatever changes the retail industry goes through, whether on the grand scale or incremental. He’s been with Gulf News for 30 years, having started as a Business Reporter. When not into financial journalism, Manoj prefers to see as much of 1950s-1980s Bollywood movies. He reckons the combo is as exciting as it gets, though many will vehemently disagree.