NEW YORK, Oct. 7, 2010 (GLOBE NEWSWIRE) -- Dow Jones Indexes, a leading global index provider, today announced the launch of the Dow Jones MENA Broad Stock Market and Dow Jones Saudi Titans 30 Indexes. The Dow Jones MENA Broad Stock Market Index measures the stock performance of actively traded large-caps and mid-caps equity securities trading in the Middle East and North Africa (MENA) region. The Dow Jones Saudi Titans 30 Index measures 30 of the largest and most liquid equity securities trading on the Saudi Stock Exchange. Both indexes are intended to serve as a basis for financial products.
"Our Dow Jones MENA Broad Stock Market Index is an ideal benchmark for gaining perspective on the stock markets in the Middle East and North Africa region," said Michael A. Petronella, president, Dow Jones Indexes. "Additionally, the Dow Jones Saudi Titans 30 Index offers investors a unique view of the largest and most liquid stocks trading on the Saudi Stock Exchange," added Petronella.
The Dow Jones MENA Broad Stock Market Index currently covers Bahrain, Egypt, Jordan, Kuwait, Lebanon, Morocco, Oman, Qatar, Saudi Arabia, Tunisia and the United Arab Emirates. The Index is weighted based on float-adjusted market capitalization and is reviewed on a quarterly basis.
The Dow Jones Saudi Titans 30 Index is weighted by float-adjusted market capitalization. Each component's weight is capped at 15% of the index's total float-adjusted market capitalization. Weights are reviewed quarterly.
The Dow Jones MENA Broad Stock Market Index is calculated in U.S. dollars, calculation of the index began on September 27, 2010. Real index history is available daily from this date forward. Back-tested historical data have been calculated daily back to December 30, 2005.1
The Dow Jones Saudi Titans 30 Index is calculated in U.S. dollars, calculation of began on February 19, 2010. Real index history is available daily from this date forward. Back-tested historical data have been calculated daily back to December 31, 2006.1
As of September 30, 2010, the Dow Jones MENA Broad Stock Market Index had a year-to-date performance of 8.44% and the Dow Jones Saudi Titans 30 Index had a year-to-date performance of 6.47%.
For more information on the Dow Jones Indexes, please visit www.djindexes.com.
1 The Dow Jones MENA Broad Stock Market was first published on September 27, 2010. The Dow Jones Saudi Titans 30 Index was first published on February 19, 2010. All estimated daily historical closing prices prior to that date are based on back-testing (i.e., calculations of how the index might have performed in the past if it had existed). Back-tested performance information is purely hypothetical and is solely for informational purposes. Back-tested performance does not represent actual performance, and past performance is not indicative of future results.
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About Dow Jones Indexes
Dow Jones Indexes (www.djindexes.com) is a leading full-service index provider that develops, maintains and licenses indexes for use as benchmarks and as the basis of investment products. Best-known for the Dow Jones Industrial Average, Dow Jones Indexes offers more than 130,000 equity indexes as well as fixed-income and alternative indexes, including measures of hedge funds, commodities and real estate. Dow Jones Indexes employs clear, unbiased and systematic methodologies that are fully integrated within index families. Dow Jones Indexes is the marketing name for CME Group Index Services LLC, a joint venture company which is owned 90 percent by CME Group Inc. (www.cmegroup.com) and 10 percent by Dow Jones & Company, Inc. (www.dowjones.com), a News Corporation company (Nasdaq:NWS) (Nasdaq:NWSA); (ASX:NWS) (ASX:NWSLV); (www.newscorp.com).
"Dow Jones®", "Dow Jones Indexes", "Dow Jones MENA Broad Stock Market and Saudi Titans 30 Indexes" and all other index names listed above are service marks of Dow Jones Trademark Holdings LLC ("Dow Jones"), and have been licensed for use by CME Group Index Services LLC ("CME Indexes"). Investment products based on Dow Jones MENA Broad Stock Market and Saudi Titans 30 Indexes are not sponsored, endorsed, sold or promoted by Dow Jones, CME Indexes or their respective affiliates and none of Dow Jones, CME Indexes and their respective affiliates make any representation regarding the advisability of investing in such products. Inclusion of a company in the Dow Jones MENA Broad Stock Market and Saudi Titans 30 Indexes does not in any way reflect an opinion of Dow Jones, CME Indexes or any of their respective affiliates on the investment merits of such company. None of Dow Jones, CME Indexes or any of their respective affiliates is providing investment advice in connection with these indexes.
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