Sub-custody guide: Bahrain
The Bahrain capital markets saw a positive trend in 2014
with the Bahrain All Share index increasing by 23.6% between December 2013 and
November 2014. Similarly, market capitalisation increased by 28% during the
same period.
In September 2014, the Bahrain Bourse (BHB) released revised market rules, bringing in improvements to several areas. “Margin trading is now allowed, while non-Bahraini brokers that are licensed by capital market regulatory institutions in their home country are able to trade on the BHB without having a representative office in the Kingdom of Bahrain. They must appoint an authorised clearing member, which will settle transactions executed at the Bourse,” says Vineet Iyer, senior manager, HSBC Securities Services, Bahrain.
The daily trading session on the bourse has been extended by
30 minutes. The revised trading session now starts at 9.30am and ends at 1pm.
In December, BHB issued a Consultation Paper on the Bahrain
Investment Market (BIM), an initiative that is intended to attract Bahraini and
GCC companies to list. In 2015, BHB is set to launch fresh initiatives to
provide more options and alternatives for both issuers and investors, aiming to
enhance trading activity in coming years.
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