Review and Maintenance of “U CAPITAL OMAN 20 INDEX”
“U CAPITAL OMAN 20 INDEX” is reviewed on annual basis. Inclusion or exclusion of the shares to/from the index sample takes place only on this review. The index maintenance takes place in the following cases:
Adjustments policy of “U CAPITAL OMAN 20 INDEX”
| Actions |
Adjustment in the index |
Adjustment time |
|
Cash Dividends
|
Doesnt reflect the index calculation, so no adjutment is needed.
|
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|
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Distribution of stock dividends
|
Adjust the stock price to keep the market capitalization of the company equal before and after the distribution.
|
Day after AGM
|
|
Stock Split/Reverse Split
|
Adjust the stock price to keep the market capitalization of the company equal before and after the distribution.
|
Day after AGM
|
|
Right Issue
|
Adjust the new market capitalization of the index to maintain the previous value of the index.
|
Cut-Off Date
|
|
IPO/ Private Placement
|
Apply in our criteria to the index after complete one year as a listed company.
|
Listing Date
|
|
Reduction of issued shares.
|
Adjust the stock price to keep the market capitalization of the company equal before and after the reduction.
|
Shares reduction date
|
|
Reduction of issued shares through buying- back from the market.
|
Adjust the index to maintain the previous value of the index.
|
Shares reduction date
|
|
Converting Bonds to tocks or Mergers and Acquisitions
|
Adjust the index to maintain the previous value of the index.
|
New shares entry (listing) date
|
|
Changes in the index sample.
|
Drop the market value of the removed companies and add the market value of the added companies and Adjust the index to maintain the previous value of it.
|
The Index Annul Maintenance Date
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