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.

Photo: gismodo.com



Migration to cities is increasing so much that, by 2050, the UN predicts that approximately two thirds of the world’s population will be living in cities.


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