What is "belexline"

The BELEXline index is the index of the Belgrade Stock Exchange (BELEX).

BELEXline is free‐float market capitalization weighted index, which is not adjusted for paid dividends, and is not protected from dilution effect, which appears as result of dividends payout. BELEXline is weighted only by free‐float market capitalization. BELEXline consists of shares traded on the BELEX markets, which have satisfied criteria for inclusion in the index basket. Influence of the components in index is limited to maximum 10% of index capitalization.