Jun 12 2012
|more articles from|
SICO remains a lead broker on Bahrain Bourse
Tuesday, Jun 12, 2012
Bahrain-based regional investment bank, Securities and Investment Company ( SICO ), has maintained its leading position as the most active broker on the Bahrain Bourse, both in terms of volume and value of transactions executed, for the thirteenth years in a row. During 2011, SICO handled 32.45 per cent of all transactions on the Bahrain Bourse, 31.95 per cent by total market volume and 38.63 per cent by total value traded. The Bank also continued to be the preferred broker of choice for larger trades, and accounted for most of the larger transactions executed on the Bourse during the year. In June, SICO handled the buy/sell of 57.2 million shares of a leading Shariah-compliant financial institution with a total value of BD 15.21 million, together with the sale of 10 million shares of a leading conventional bank worth BD 2.72 million.
Through its pioneering Agency Brokerage Desk, SICO continued to enable clients to trade listed investment opportunities available across the MENA region, including access to the fixed income market. Having established a significant share of overall GCC market trades, SICO is firmly placed among the leading brokers in the region. “We are delighted to have maintained our leading position on the Bahrain Bourse for the thirteenth year running. As an increasing number of Bahraini, regional and foreign investors seek to access Gulf stock exchanges, SICO is ideally equipped with the right team, skills and knowledge to be able to execute and support clients’ orders. The Bank offers investors access to listed investment opportunities across the MENA region, where we continue to undertake some of the larger trades in those markets, discreetly and with great efficiency,”
By Mahmood Rafique - www.twentyfoursevennews.com
24x7 News 2012. All rights reserved.
© Copyright Zawya. All Rights Reserved.