New Belgrade SE Index – BELEXline

Thursday, 5 April 2007

The Belgrade Stock Exchange launched its new general equity index BELEXline on 2nd April 2007. The new index reflects price movements of a representative pool of securities in trading and its intention is to replace the existing general BELEXfm index. BELEXline is total market capitalization weighted index, not adjusted for paid dividends nor protected from dilution effect of paid dividends. BELEXline is composed of shares which meet the entrance criteria for an index basket. The weight of each particular market cap per issuer is limited to a maximum of 10%. Both indices are going to be simultaneously published during April 2007. As of 3rd May only BELEXline will be calculated and published.