Global rating agency S&P completed its quarterly rebalancing for two DFM indices last week. Four securities were removed and four were added to the UAE Domestic Shariah Liquid 35/20 Capped Index. Similarly, the UAE BMI Liquid 20/35 Capped Index saw two stocks added and two others removed. Rebalancing an index refers to the periodic adjustment of its composition to ensure it continues to reflect its intended market segment, strategy, or weighting methodology.

S&P Shariah Liquid 35/20: Air Arabia, Lulu Retail, NMDC Energy, Deyaar Development Company were added to the index, according to a DFM disclosure (pdf). Meanwhile, Emaar Development, Emirates Telecommunications (e&), Eshraq Properties, and Modon Holding rotated out.

Deyaar + Lulu made the cut in both indices: Deyaar Development Company and Lulu Retail Holdings were also added to the S&P UAE BMI Liquid 20/35 index, while Ajman Bank and Eshraq Properties were removed, according to a separate filing (pdf).

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