S&P AFE 40 index includes companies from Lebanon
Standard & Poor’s S&P Indices and the Arab Federation of Exchanges (AFE) launched the S&P AFE 40, an index designed to measure the performance of 40 leading companies from the Pan-Arab region.
The Index includes companies from Bahrain, Egypt, Jordan, Kuwait, Lebanon, Morocco, Oman, Palestine, Qatar, Saudi Arabia, Tunisia and the United Arab Emirates. Lebanon accounts for 2.5 percent of the index weight with the two companies listed, BLOM and Solidere.
The S&P AFE 40 is comprised of the 40 largest stocks listed on AFE member exchanges. Each stock must have at least $50 million in value traded over 12 months. A country can have no more than 10 stocks and at least one stock from each country must be included.
The top five countries by weight are namely Saudi Arabia, Kuwait, Qatar, Morocco and Egypt.
Saudi Arabia has a share of 35.1 percent of the index weight, with ten companies listed followed by Kuwait with 23.2 percent of the index weight and seven companies listed. Qatar accounting for 12.2 percent of the index weight with four companies listed, Morocco with 7.5 percent and Egypt with 7.3 percent.
STRATEGIES & PLANS
A fundraising event, entitled Think Green, will be held by Zero Waste ACT for all its business members on September, 10,2013, at WHITE, Dora.
The Green Mind Association invited all Green Mind Award Participants, finalists, runner ups and winners to the GREEN MIND DAY on Jan-16-2013 in Beirut, to create a platform where interested Venture Capital and Potential Investors met with participants.
A green initiative launched by Ashrafieh 2020 project aims to transform Ashrafieh into a tranquil and unpolluted area.Green spaces allow residents to walk and ride bicycles.