The S&P UAE BMI Liquid 20/35 Capped Index seeks to measure the performance of the S&P UAE BMI, excluding those constituents with low liquidity and employing an alternate weighting scheme. Constituents must have no more than 10 non-trading days over the previous quarter, and they must have a three-month average daily value traded volume of at least USD 500,000 for at least one of the two previous quarters. The index employs a 20/35 weighting scheme; if the largest stock’s weight exceeds 35%, it will be capped at 33%, and if the weight of any other stock is greater than 20%, it will be capped at 19%.
Top 10 Constituents by Index WeightExport
*Based on GICS sectors
The weightings for each sector of the index are rounded to the nearest tenth of a percent, therefore, the aggregate weights for the index may not equal to 100%.
*Based on GICS Sectors