Dow Jones Indexes launches new indexes for GCC region
Dow Jones Indexes has launched the Dow Jones GCC and the Dow Jones Islamic Market GCC indexes. The new indexes measure the performance of conventional and Shari’ah compliant stocks of five of the GCC member states. They are: Bahrain, Kuwait, Oman, Qatar and UAE. The five countries included in the index represent the investible universe of the GCC region and will be the first in a series of conventional and Shari’ah compliant GCC indexes. The Dow Jones GCC and Dow Jones Islamic Market GCC indexes represent approximately 95 per cent of the float-adjusted market capitalisation of the five countries.