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Methodology

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Weighting Method of “U CAPITAL MENA 200 INDEX”
 
"U CAPITAL MENA 200 INDEX" is a value-weighted index. It comprises of 200 most liquid companies extracted from the MENA 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 MENA 200 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 MENA 200 INDEX is revised (re-set) on a yearly basis, every Aug. end. The sample is selected based on the applicable selection criteria (Paid up Capitalization, Liquidity ratios, and Profitability ratios).

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