Dow Jones Indexes, a leading global index provider, today announced the results of the regular annual review of the Dow Jones SAFE Indexes. Changes to the composition of the Dow Jones SAFE 100 Index and its two sub-indexes, Dow Jones SAFE Pakistan Index and Dow Jones SAFE India Index as well as the Dow Jones SAFEPakistan Titans 15 Index, will be effective after the close of trading on Friday, March 18, 2011.
In the Dow Jones SAFE 100 Index, the following seven companies will be removed:Bharat Petroleum Corp. Ltd. (India, Oil & Gas, 500547.BY), Reliance Communications Ltd. (India, Telecommunications, 532712.BY), Neyveli Lignite Corp. Ltd. (India, Utilities, 513683.BY), GMR Infrastructure Ltd. (India, Utilities, 532754.BY), Reliance Infrastructure Ltd. (India, Utilities, 500390.BY), NIB Bank Ltd. (Pakistan, Banks, NIB.KA) and Jahangir Siddiqui & Co. Ltd. (Pakistan, Financial Services, JSCL.KA).
The two Pakistani companies also will be removed from the Dow Jones SAFE Pakistan Index and the five Indian companies will be removed from the Dow Jones SAFE India Index.
The companies joining the Dow Jones SAFE 100 Index: Coal India Ltd. (India, Basic Resources, 533278.BY), Adani Enterprises Ltd. (India, Industrial Goods & Services, 512599.BY), Bajaj Auto Ltd. (India, Automobiles & Parts, 532977.BY), Bank of Baroda (India, Banks, 532134.BY), HCL Technologies Ltd. (India, Technology, 532281.BY), Lotte Pakistan PTA Ltd. (Pakistan, Chemicals, LOTPTA.KA) and National Development Bank PLC (Sri Lanka, Banks, NDB.SL).
The Pakistani company also will be added to the Dow Jones SAFE Pakistan Index and the five Indian companies will be added to the Dow Jones SAFE India Index.
The total free-float market capitalization of the reconstituted Dow Jones SAFE 100 Index increased to US$370.88 billion from US$365.30 billion, as of March 10, 2011.
In the Dow Jones SAFE Pakistan Titans 15 Index, Jahangir Siddiqui & Co. Ltd. (Pakistan, Financial Services, JSCL.KA) will be replaced by Habib Bank Ltd. (Pakistan, Banks, HBL.KA).
The total free-float market capitalization of the reconstituted Dow Jones SAFE Pakistan Titans 15 Index increased to US$8.12 billion from US$7.95 billion, as of March 10, 2011.
The Dow Jones SAFE 100 Index measures the performance of 100 blue-chip companies in five of the eight member states of the South Asian Federation of Exchanges (SAFE). The five member states included in the index are: India, Bangladesh, Mauritius, Pakistan and Sri Lanka. Its sub-indexes, Dow Jones SAFE Pakistan Index measure the performance of the Pakistani stocks, and Dow Jones SAFE India Index measures the performance of the Indian stocks, in the Dow Jones SAFE 100 Index.
Dow Jones SAFE Pakistan Titans 15 Index measures the performance of the 15 largest and most liquid blue-chip Pakistani stocks in the Dow Jones SAFE 100 Index.
Further information on the Dow Jones SAFE Indexes can be found at www.djindexes.com.
Company additions to and deletions from the Dow Jones SAFE Indexes do not in any way reflect an opinion on the investment merits of the company.