Dow Jones Indexes expands Mena series.Byline: Dubai Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance Indexes, a leading global index provider, has launched an additional set of conventional and Shari'ah compliant indexes measuring the performance of stocks listed in the GCC GCC: see Gulf Cooperation Council. (compiler, programming) GCC - The GNU Compiler Collection, which currently contains front ends for C, C++, Objective-C, Fortran, Java, and Ada, as well as libraries for these languages (libstdc++, libgcj, etc). and Mena. The four indexes are the Dow Jones GCC Index, Dow Jones GCC Islamic Market Index, Dow Jones GCC Titans 50 with Saudi and Dow Jones Islamic Market Mena indexes. The Dow Jones GCC indexes that were launched include companies from all six member states of the GCC. The Dow Jones Islamic Market Mena Index includes all GCC countries plus Egypt, Jordan, Morocco Morocco, country, Africa Morocco (mərŏk`ō), officially Kingdom of Morocco, kingdom (2005 est. pop. 32,726,000), 171,834 sq mi (445,050 sq km), NW Africa. and Tunisia. "Dow Jones Indexes is the first and currently only international index provider authorised Adj. 1. authorised - endowed with authority authorized lawful - conformable to or allowed by law; "lawful methods of dissent" legitimate - of marriages and offspring; recognized as lawful by Tadawul to use real-time data Real-time data denotes information that is delivered immediately after collection. There is no delay in the timeliness of the information provided. Some uses of this term confuse it with the term dynamic data. of the Saudi stock market. Offering these indexes is an important milestone for us and shows yet again Dow Jones Indexes' leading position in the Middle East," said Michael A Petronella, president, Dow Jones Indexes. The Dow Jones Islamic Market GCC and the Dow Jones Islamic Market Mena indexes are part of the Dow Jones Islamic Market index series and measure the stock performance of companies that have passed rules-based screens for Shari'ah compliance and exclude companies engaged in the following lines of business: alcohol, tobacco, pork-related products, financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , defence/weapons and entertainment. Also excluded are companies for which the following financial ratios are 33 per cent or more: debt divided by trailing 12-month average market capitalisation Noun 1. market capitalisation - an estimation of the value of a business that is obtained by multiplying the number of shares outstanding by the current price of a share market capitalization ; cash plus interest-bearing securities divided by trailing 12-month average market capitalisation; and accounts receivables accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying divided by trailing 12-month average market capitalisation. To be eligible for the Dow Jones GCC Titans 50 with Saudi Index a stock must have an average daily trading volume Trading volume The number of shares transacted every day. As there is a seller for every buyer, one can think of the trading volume as half of the number of shares transacted. That is, if A sells 100 shares to B, the volume is 100 shares. of at least $500,000. The three largest companies of each of the six GCC member states are included in the index. The remaining 32 components are selected top-down from the index universe. The index universe of the Dow Jones GCC Index consists of all stocks traded in the six countries in the GCC region. The top 95 per cent of stocks by free-float market capitalisation are selected to the index. The four new indexes are weighted by float-adjusted market capitalisation. Back-tested estimated daily index history is available for the Dow Jones GCC Titans 50 with Saudi, Dow Jones GCC, Dow Jones Islamic Market GCC indexes back to December 31, 2003 and for the Dow Jones Islamic Market Mena Index back to December 31, 2008. The Dow Jones GCC, Dow Jones Islamic Market GCC and the Dow Jones Islamic Market Mena indexes are reviewed quarterly in March, June, September and December. The Dow Jones GCC Titans 50 with Saudi Index is reviewed annually in June. All four new indexes are calculated in US dollar.- TradeArabia News Service Copyright 2008 www.tradearabia.com Copyright 2009 Al Hilal Publishing & Marketing Group Provided by Syndigate.info an Albawaba.com company |
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