Jan 16 2011 |
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Thomson Reuters Launches Middle East Equity Indices
Dubai, January 16, 2011 - Thomson Reuters today announced the introduction of 500 new equity indices aimed at the Middle East markets.Indices from the equity markets of Bahrain, Kuwait, Oman, Qatar and the UAE are among the new additions which are available on Thomson Reuters Eikon, the company's recently launched next-generation desktop for financial market professionals.
New regional indices have also been created consisting of Middle East and North Africa (MENA) which includes Bahrain, Kuwait, Oman, Qatar, UAE, Morocco and Egypt; Gulf Cooperation Council (GCC) which includes Bahrain, Kuwait, Oman, Qatar and UAE; and Organization of the Islamic Conference (OIC) which includes the MENA countries and other Islamic countries such as Pakistan, Indonesia, Malaysia, Turkey.
Each Thomson Reuters index is created using a proprietary liquidity filter that selects stocks based on price, as opposed to volume. By only including stocks that investors can access, the indices provide a more accurate depiction of the investing opportunities available, particularly in emerging markets, where many securities are not accessible to all investors.
All 9,000 Thomson Reuters Indices are accessible via desktops as well as data feeds in products such as Thomson Reuters Eikon, Thomson Reuters 3000 Xtra, Thomson Reuters Datastream, StarMine and Thomson Reuters Portfolio Analytics.
Basil Moftah, Global Head of Rapidly Developing Economies, Thomson Reuters , commented: "The addition of the 500 Middle East Indices will give investment managers, quantitative analysts and other financial professionals from across the globe, access to these important emerging markets and an opportunity to analyse market movements at a deeper level."
Thomson Reuters
Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, healthcare and science and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs 55,000 people and operates in over 100 countries. For more information, go to www.thomsonreuters.com.
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PR CONTACTS
Candice Sgroi
PR Manager MEA
Thomson Reuters
+971 4366 4275
+971 566 818 021
Candice.Sgroi@thomsonreuters.com
Nick Farmer
Account Manager,
Hill & Knowlton Middle East
+971 44055671
+971 50 640 7079
Nick.Farmer@hillandknowlton.com
© Press Release 2011
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