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Methodology

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Weighting Method of “U CAPITAL GCC 50 INDEX”
 
U CAPITAL GCC 50 INDEX is a value-weighted index. It comprises of 50 most liquid companies extracted from the GCC markets. The companies are chosen from all the indices likes Banks, Industry and Service based on our criteria. The initial index value of the index was 1000 points. The formula used to calculate U CAPITAL GCC 50 INDEX Value-Weighted Index is:
 
 
Where:
Index t = Index value on day t
Pit = closing price for company i on day t
Qit = number of outstanding shares of company i on day t
Pib = closing price for company i on the base date
Qib = number of outstanding shares of company i on the base date
Beginning Index Value = 1000
 
U CAPITAL GCC 50 INDEX is revised (re-set) on a yearly basis, every June end. The sample is selected based on the applicable selection criteria (Paid up Capitalization, Liquidity ratios, and Profitability ratios).

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