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
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Doesnt reflect the index calculation, so no adjutment is needed.
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Distribution of stock dividends
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Adjust the stock price to keep the market capitalization of the company equal before and after the distribution.
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Day after AGM
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Stock Split/Reverse Split
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Adjust the stock price to keep the market capitalization of the company equal before and after the distribution.
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Day after AGM
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Right Issue
|
Adjust the new market capitalization of the index to maintain the previous value of the index.
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Cut-Off Date
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IPO/ Private Placement
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Apply in our criteria to the index after complete one year as a listed company.
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Listing Date
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Reduction of issued shares.
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Adjust the stock price to keep the market capitalization of the company equal before and after the reduction.
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Shares reduction date
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Reduction of issued shares through buying- back from the market.
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Adjust the index to maintain the previous value of the index.
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Shares reduction date
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Converting Bonds to tocks or Mergers and Acquisitions
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Adjust the index to maintain the previous value of the index.
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New shares entry (listing) date
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Changes in the index sample.
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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.
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The Index Annul Maintenance Date
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