Prime has created the Prime Asset Management Index (PAMI) to introduce a new type of index (weighted index) to join the previously launched PIPO & PIGI indices. PAMI includes the largest and most actively traded stocks in the Egyptian Stock Exchange. The index is composed of 43 stocks representing around 40 % of the total stock market capitalization covering 11 major economic sectors in Egypt (Cement, Chemical, Financial, Food Tobacco & Beverage, Housing & real Estate, Pharmaceutical, Metallurgical, Services & Tourism, Telecom, Textile & Automotive) The purpose of the index is to provide a definitive standard for measuring stock market performance on a general basis. The methodology used to construct and maintain the index aims to produce an investable index in which all constituent stocks are readily accessible and well traded.
The Prime Asset Management Index is a Value Weighted Index.