Mr. Azar added that as a result of this review, seven companies have been excluded from the index sample and other seven companies have been added. As part of the rebalancing, the ASE calculated the free float for all listed companies at the ASE based on the data available at the Securities Depository Center (SDC) website. This review also includes the reduction of the weights for some companies to maintain the 10% cap that applied to index constitutes.
Mr. Azar clarified that the index sample includes one hundred companies which are the most active in the ASE and the highest in terms of market capitalization. The full market capitalization of the index constituents’ represent (90.7%) of the total market capitalization of the companies listed at the ASE. The free float market capitalization of the index constitutes’ represents (91.6%) of the total free float market capitalization of the listed companies at the ASE.
In light of the above, the index constituents will be modified starting 3rd of January 2016. Interested parties can access to the constituents of the index with the new weights through the following link: