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S&P enhances Middle East indices


Standard & Poor’s has made several enhancements to its family of Pan Arab and Gulf Cooperation Council indices.

Standard & Poor’s has made several enhancements to its family of Pan Arab and Gulf Cooperation Council indices.

Enhancements to the S&P Mena index family, which includes the S&P Pan Arab and S&P GCC indices, include the launch of five new size split variations for each country – large cap, mid cap, small cap, large mid cap and mid small cap – based on the cumulative market capitalization of each stock, in addition to the introduction of new sector and industry groups for each country.

Each index is also available in a Shariah-compliant version for investors adopting explicit selection criteria defined by Islamic law.

The S&P Pan Arab index series covers 11 markets: Bahrain, Egypt, Jordan, Kuwait, Lebanon, Morocco, Oman, Qatar, Saudi Arabia, Tunisia, and United Arab Emirates.

The S&P GCC index, a subset of the S&P Pan Arab index, is made up of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and United Arab Emirates.

Standard & Poor’s has created indices in versions that are available to GCC residents only, in addition to versions available to all other foreign investors.

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