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FINANCIAL NEWS
No merger or tie-up planned: Bahrain Bourse
30 Mar 2011
(MENAFN) Bahrain Bourse’s Director, Fouad Rahman Rashid, confirmed that the stock exchange was not planning a merger with another partner, but that it was looking forward to an increase in liquidity through attracting new listings on its own, reported Gulf Daily News.
These statements come in response to s Bahraini paper publishing news about the bourse searching for a collaboration agreement with another one in response to the downturn it faced due to the political unrest in the country.
Rashid emphasized that the stock market had strategic plans to boost liquidity and volumes internally, but that no tie-ups or mergers were a part of these plans.
He said that more listings must be attracted as the bourse itself is a company, thus it needs to generate more profit.
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