DUBAI, 18 June 2006 — Dow Jones Indexes, a leading global index provider, and the Dubai Financial Market (DFM), UAE’s premier stock exchange, yesterday announced the launch of the Dow Jones DFM Index. To be commercially operational by the end of this year, the Dow Jones DFM Index is designed to serve as an underlying point of reference for investment products such as mutual funds, exchange-traded funds, and other financial products that will enable investors to participate in the performance of the Dubai stock market. The co-branded conventional index measuring the performance of the Dubai Financial Market follows the transparent and objective methodology of the Dow Jones Global Titans 50 Index and follows recent Dow Jones Indexes’ launched worldwide. The new index will include leading Dubai stocks ranked by free-float market capitalization, sales, revenue and net income.
Commenting on the partnership, Essa Kazim, director general, Dubai Financial Market, said: “We are glad to sign this agreement with the world’s premium index provider. As the stock exchange evolves alongside the financial transformation taking place in the country, it is imperative to introduce products that would appeal to global audiences.”