Wednesday 28 October 2009

Federation of Euro Asian Stock Exchanges, October Newsletter (PDF)

TheFEAS September Newsletter, the monthly bulletin, bringing you general secretariat news, Member statistics on stock, bond and other volume comparisons on a monthly, year-to-date and prior period basis, in addition to market cap, currency changes, number of companies traded and index fluctuations, has been put on the FEAS website.

Here are some headlines from this issue:

- ABU DHABI SECURITIES EXCHANGE: Abu Dhabi Securities Exchange (ADX) today announced that the Global index provider, FTSE Group (“FTSE”) has finalized its annual review of country classification for the FTSE Global Equity Index Series (GEIS) and confirmed that the UAE is to be promoted to Secondary Emerging market.
- BAHRAIN: Bahrain Financial Exchange (BFX), the first multi - asset exchange in the Middle East and North Africa, launching in Q1, 2010, has announced the establishment of its Product Development Working Groups (PDWGs) for Islamic and Conventional asset classes.
- EGYPTIAN EXCHANGE: During the annual Summit organized by Africa Investor (Ai) in collaboration with NYSE Euronext, The Egyptian Exchange (EGX) won the award of the second most innovative African Exchange in 2009.
- ISTANBUL STOCK EXCHANGE: FTSE Index Company announced that, as a result of its annual country classification review, Turkey has been placed on its Watch List for possible promotion in FTSE’s Global Equity Index Series from Secondary Emerging to Advanced Emerging status.
- ISTANBUL STOCK EXCHANGE: Common Index between the Greek and Turkish equities’ markets. Athens Exchange and Istanbul Stock Exchange jointly announced on September 28, the issue of a common index. The Greece & Turkey 30 Index (GT-30), which is a customized index will be calculated, maintained and distributed by STOXX Limited, the leading provider of European equity indexes.
- TEHRAN STOCK EXCHANGE: In compliance with the Privatization plan 22,936.8 million Shares of state-owned Telecommunication Company of Iran Co (Equivalent of 50 percent of outstanding shares of company) were sold through one block trading on Tehran stock exchange at a price of Rs 3,409 per share. The value of this deal totaled $7,819 million. This deal was the biggest trading in the history of Tehran Stock Exchange.

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