24 June 2008
Standard & Poor's, the world's leading index provider, announced the plans to introduce seven-day index calculations on its range of benchmark and investable equity indices for Gulf Cooperation Council (GCC) markets.
The move to full week pricing reflects Standard & Poor's commitment to providing its growing regional client base with reliable and timely index data that will enable them to measure the performance of publicly-listed companies, support the issuance and trading of new index-linked investment products and foster the development of exchange traded funds in the Gulf.
Standard & Poor's will begin publishing end-of-day index data for the six GCC countries of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates from August 16th 2008, becoming the first international index provider to offer investors full week calculations for Gulf markets.
Standard and Poor's Emerging Market Database indices were the first to focus on the Gulf region with the launch of the S&P/IFCG Saudi Arabia in 1997. Historical index data for each GCC market, and a composite index for the GCC as a whole, is available from 2003. Each index covers an aggregate market capitalisation of over 80 per cent of all exchange-listed shares in each country. In 2007, Standard & Poor's became the first index provider to launch Shariah-compliant indices for the GCC and individual GCC markets.
Standard & Poor's Gulf Cooperation Council (GCC) Indices as of 6/17/08 are S&P/IFCG GCC Composite;S&P GCC Composite Shariah; S&P/IFCI GCC Investable; S&P GCC Investable Shariah; S&P/IFCG Bahrain S&P/IFCG Kuwait; S&P/IFCG Oman; S&P/IFCG Qatar; S&P/IFCG UAE; S&P/IFCG Saudi Arabia; S&P Bahrain Shariah; S&P Kuwait Shariah; S&P Oman Shariah; S&P Qatar Shariah; S&P UAE Shariah; S&P Saudi Arabia Shariah; S&P/IFCI Pan Arab and S&P Pan Arab Shariah.
Standard & Poor's, the world's leading index provider, announced the plans to introduce seven-day index calculations on its range of benchmark and investable equity indices for Gulf Cooperation Council (GCC) markets.
The move to full week pricing reflects Standard & Poor's commitment to providing its growing regional client base with reliable and timely index data that will enable them to measure the performance of publicly-listed companies, support the issuance and trading of new index-linked investment products and foster the development of exchange traded funds in the Gulf.
Standard & Poor's will begin publishing end-of-day index data for the six GCC countries of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates from August 16th 2008, becoming the first international index provider to offer investors full week calculations for Gulf markets.
Standard and Poor's Emerging Market Database indices were the first to focus on the Gulf region with the launch of the S&P/IFCG Saudi Arabia in 1997. Historical index data for each GCC market, and a composite index for the GCC as a whole, is available from 2003. Each index covers an aggregate market capitalisation of over 80 per cent of all exchange-listed shares in each country. In 2007, Standard & Poor's became the first index provider to launch Shariah-compliant indices for the GCC and individual GCC markets.
Standard & Poor's Gulf Cooperation Council (GCC) Indices as of 6/17/08 are S&P/IFCG GCC Composite;S&P GCC Composite Shariah; S&P/IFCI GCC Investable; S&P GCC Investable Shariah; S&P/IFCG Bahrain S&P/IFCG Kuwait; S&P/IFCG Oman; S&P/IFCG Qatar; S&P/IFCG UAE; S&P/IFCG Saudi Arabia; S&P Bahrain Shariah; S&P Kuwait Shariah; S&P Oman Shariah; S&P Qatar Shariah; S&P UAE Shariah; S&P Saudi Arabia Shariah; S&P/IFCI Pan Arab and S&P Pan Arab Shariah.
© Bahrain Tribune 2008
