Middle East
Guru Focus "S&P AFE 40 Index"
09/01/12 13:19
Standard & Poor’s has launched the S&P AFE 40 index. This index is designed to measure the performance of 40 leading companies from the Gulf region. The S&P AFE 40 is comprised of the 40 largest stocks listed on AFE member exchanges. These stocks are subject to certain restrictions such as the limitation of ten stocks per country. The index uses a capped market capitalization weighted index scheme. The S&P Index partnered with the Arab Federation of Exchanges (AFE) to create the index. It includes companies from Bahrain, Egypt, Jordan, Kuwait, Lebanon, Morocco, Oman, Palestine, Qatar, Saudi Arabia, Tunisia and the United Arab Emirates.
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