Dow Jones UAE 25 Index

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Dow Jones Indexes launched the Dow Jones UAE 25 Index, which tracks the performance of 25 of the United Arab Emirates’ (UAE) largest and most liquid securities, on March 25, 2010. The index will be followed by the UAE’s first exchange traded fund (ETF). The index has been licensed to the National Bank of Abu Dhabi (NBAD).

The NBAD OneShare Dow Jones UAE 25 ETF is expected to be listed at the Abu Dhabi Stock Exchange at the end of March. [1]

Components of the index are culled from the equity securities traded on the stock exchanges of the UAE, excluding foreign-listed stocks. Represented exchanges are the Dubai Financial Market, Abu Dhabi Securities Exchange and Nasdaq Dubai. To be eligible for the index, securities must have a minimum average daily trading volume of $500,000. Stocks in the index universe are ranked by free-float market capitalization and then by 12-month average daily domestic currency trading volume.

The index is weighted by free-float market capitalization.

References

  1. Dow Jones launches UAE index and ETF. Hedge Funds Review.