When assessing the markets, it’s easy to get a snapshot of what is going on from viewing what the stock market is doing. Up until recently there was a lack of transparency as to which index gave the best indication of the Middle East. There are now a host of indices covering the Gulf, the Arab states and the Middle East in general. From this, you will be able to get a view on how the markets have done.
Dow Jones Arab 50
The Dow Jones DIFC Arabia Titans 50 Index is a 50-stock index of leading Arab stocks. The first of its kind, the index was created jointly by Dow Jones Indexes and the Dubai International Financial Centre (DIFC), a Dubai government organization that was recently established to create a regional capital market for Arab countries, in collaboration with Shuaa Capital, a Dubai-based investment bank. The index represents established Arab markets that have proven to be accessible to international investors. As of December 2004, the index covers Bahrain, Egypt, Jordan, Kuwait, Lebanon, Morocco, Oman, Qatar, Tunisia and the United Arab Emirates. The Dow Jones DIFC Arabia Titans 50 Index is maintained according to a transparent methodology that is consistent with that of other Dow Jones Titans indexes. Stocks are selected to the index based on full market capitalization, sales/revenue and net income. The index is calculated and disseminated daily.
Tadawul All-Share Index
The Tadawul All-Share Index is the index to watch on Saudi Arabia and operates as a stock exchange in Saudi Arabia. As Saudi is so dominant in the region, this is worth watching. The Index was founded in 2001 and is based in Riyadh.
Abu Dhabi Securities General Index
The Abu Dhabi Securities Market General Index is a capitalization weighted indexof stocks listed on the Abu Dhabi Stock Market
The Dubai Financial Market Index
This is Dubai main index that is based on the 40 or so stocks listed on the DFM . The majority of the stocks are UAE based companies with some from Gulf. Some of the companies allow foreigners to own their shares.