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Bahrain Bourse to adopt GICS for listed companies
MANAMA, 9 hours, 6 minutes ago Bahrain Bourse, a self-regulated multi-asset marketplace, has announced that it will adopt the Global Industry Classification Standard (GICS) for listed companies effective as of tomorrow (July 11). This is in line with Bahrain Bourse’s strategy to enhance transparency and efficiency in Bahrain’s capital market and to meet best international practices. The industrial re-classification aims to establish alignment with global industrial standards for classifying listed companies, provide better information to international investors on the performance of sectoral indices, and enable easier company and sectoral comparability with global peers as well as comparability between companies and sectors.