Dow Jones Indexes Launches MENA Broad Stock Market and Saudi Titans in 30 Indexes

Dow Jones Indexes Launches MENA Broad Stock Market and Saudi Titans in 30 Indexes
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Published October 7th, 2010 - 14:52 GMT

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NEW YORK
,
Dow Jones
,
Saudi Stock Exchange

NEW YORK (October 7, 2010) Dow Jones Indexes, a leading global index provider, today announced the launch of the Dow Jones MENA Broad Stock Market and Dow Jones Saudi Titans 30 Indexes. The Dow Jones MENA Broad Stock Market Index measures the stock performance of actively traded large-caps and mid-caps equity securities trading in the Middle East and North Africa (MENA) region. The Dow Jones Saudi Titans 30 Index measures 30 of the largest and most liquid equity securities trading on the Saudi Stock Exchange. Both indexes are intended to serve as a basis for financial products.

 

“Our Dow Jones MENA Broad Stock Market Index is an ideal benchmark for gaining perspective on the stock markets in the Middle East and North Africa region,“ said Michael A. Petronella, president, Dow Jones Indexes. “Additionally, the Dow Jones Saudi Titans 30 Index offers investors a unique view of the largest and most liquid stocks trading on the Saudi Stock Exchange," added Petronella. 

 

The Dow Jones MENA Broad Stock Market Index currently covers Bahrain, Egypt, Jordan, Kuwait, Lebanon, Morocco, Oman, Qatar, Saudi Arabia, Tunisia and the United Arab Emirates. The Index is weighted based on float-adjusted market capitalization and is reviewed on a quarterly basis.

 

The Dow Jones Saudi Titans 30 Index is weighted by float-adjusted market capitalization. Each component’s weight is capped at 15% of the index’s total float-adjusted market capitalization. Weights are reviewed quarterly.

 

The Dow Jones MENA Broad Stock Market Index is calculated in U.S. dollars, calculation of the index began on September 27, 2010. Real index history is available daily from this date forward. Back-tested historical data have been calculated daily back to December 30, 2005.1

 

The Dow Jones Saudi Titans 30 Index is calculated in U.S. dollars, calculation of began on February 19, 2010. Real index history is available daily from this date forward. Back-tested historical data have been calculated daily back to December 31, 2006.1

 

As of September 30, 2010, the Dow Jones MENA Broad Stock Market Index had a year-to-date performance of 8.44% and the Dow Jones Saudi Titans 30 Index had a year-to-date performance of 6.47%.

 

For more information on the Dow Jones Indexes, please visit www.djindexes.com.

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