The purpose of the index is to provide a definitive standard for measuring medium & small cap. stock performance on a general basis. The methodology utilized to construct, and maintain, the index centers around producing an “investable” index in which all constituent stocks are readily accessible and well traded. The Prime Medium & Small Cap. Index takes 1st of January 2001 as a base date. The base value is set at 10,000.The PMSI universe is created after all publicly traded stocks have gone through the following selection process which aims at removing issues that are not suitable, in our opinion, for investing purposes.
Criteria For inclusion in the index
1.Max. market capitalization of LE 750 million (average 12 months)
2. Min. free float of 15%
3. Min. trading days of 3 per week
4. Min. average daily trading value of LE 100,000