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DJ Mena market capitalization seen at $113bn

New York, December 13, 2010

Dow Jones said the free-float market capitalization of its reconstituted Islamic Market Index for the Mena region increased to $113.17 billion from $111.81 billion.

Announcing the results of the regular quarterly review of the Islamic Market Index for the Mena region, Dow Jones said  eight components are being added, while two components will be deleted. This will take the components' total in the index to 163 from 157.

The top five components by free-float market capitalization that will be added to the index are Egypt-based Misr Beni Suef Cement Company (Industrials), Saudi-based Aldrees Petroleum & Transport Services Company (Utilities), Kuwait-based Livestock Transport & Trading (Consumer Goods), Kuwait-based United Project Group (Industrials) and Egypt for Poultry (Consumer Goods).

All changes will be effective after the close of trading on December 17, it added.

The Dow Jones Islamic Market Indexes were introduced in 1999 as the first indexes intended to measure the global universe of investable equities that pass screens for Shari'ah compliance.

With more than 100 indexes, the series is the most comprehensive family of Islamic market measures and includes regional, country, and industry indexes, all of which are subsets of the Dow Jones Islamic Market Index.




Tags: Dow Jones Islamic Market index |

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