Boursa Kuwait Main Market 50
Introduction
The Boursa Kuwait Main Market 50 (BK Main 50) Index is a new Market Capitalization Weighted Index (Index) that will reflect the top 50 liquid companies in the “Main” Market.
Methodology
The following criteria are used in selecting companies eligible to be included in the BK Main 50 Index.
- Inclusions and exclusions will be based on the calculation of the average daily traded value (ADTV), which is published simultaneously with the results of Boursa Kuwait Market Segmentation on the second Sunday of January.
The Index will utilize a market-cap-weighted price return methodology similar to the one outlined in the Boursa Kuwait Rulebook under (Article 8-10-1).
- The base value of the Index is 5000.
- The denomination of the Index is Kuwaiti Dinars.
- Index constituents will be reviewed on an annual basis, and the results of the review will be announced on the second Sunday of January and take effect on the second Sunday of February.
Qualification
To qualify for the BK Main 50 Index, companies must:
- Be a part of the “Main” Market
- Be one of the top 50 companies in terms of ADTV
The Index will be reviewed annually for inclusions and exclusions on the last trading day of December.
Corporate Actions
Corporate Actions may lead to adjustments in the Index calculation. Certain events that may affect the Index calculation, such as
- Mergers and acquisitions
- Trading halts and suspensions
- Bonus issues
- Cash dividends
Boursa Kuwait reserves the right to adjust the Index in the event any of the above-mentioned cases occur.
Data Format
The Index is in Kuwaiti Dinars (KD) and will be rounded to two decimal places. The Index will be calculated using real-time data and reviewed for inclusions and exclusions once a year.
Index Information
| CODE | VALUE |
|---|---|
| ISIN | KW0IN0000200 |
| Index Code | BKM50 |
| Short Name | BK Main 50 |
| Long Name | Boursa Kuwait Main Market 50 |
| Arabic Name | مؤشر السوق الرئيسي 50 |
| Base Value | 5000 |
| Currency | KD |
| Description | Market-cap-weighted Price return Index The Index includes the 50 most liquid companies in the Main Market. |
To view the constituents of the BK Main 50 Index, click here.
Boursa Kuwait shall not be in any way liable for any direct or indirect losses or damages resulting from or in connection with the Index or its calculation. The Index is an analytical tool only and shall not be relied upon when making any investment decision.
