Sub-custody guide: Bahrain

Sub-custody guide: Bahrain

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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.

Bahrain 2015

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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