The modified market cap-weighted index tracks the performance of the largest and most liquid companies in the United Arab Emirates (UAE). Its unique pure-play approach expands local exposure to include non-local companies that generate at least 50% of their revenues in UAE. The MVIS United Arab Emirates Index (MVARE) covers at least 90% of the investable universe. Most demanding size and liquidity screenings are applied to potential index components.
Full MCap of at least 150 mln USD. Three month average-daily-trading volume of at least 1 mln USD at a review and also at the previous two reviews. At least 250,000 shares traded per month over the last six months at a review and also at the previous two reviews.
Pure-Play
Index includes non-local companies.
Diversification
Company weightings are capped at 8%.
Review
Quarterly.
Index
Last Close
Open
Last
Change
Change (1Y)
Range (1Y)
659.16
659.16
-
-
8.70%
359.80 - 699.14
1,077.47
1,077.47
-
-
32.85%
551.43 - 1,077.47
Timescale Slider
Symbol
IndexName
MVARE
MVIS United Arab Emirates Price Index
MVARETR
MVIS United Arab Emirates Total Return Net Index
NEWS & RESEARCH
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