Manama, March 1 -- Bahrain Bourse on Monday unveiled its plans to adopt the Global Industry Classification Standard (GICS) for the listed companies effective 11th July, 2021.
The step 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 GICS is a global hierarchical industry classification standard developed by index providers MSCI and S&P Dow Jones Indices and covers 11 sectors representing first level of GICS.
The industrial re-classification will provide better information to international investors on the performance of sectorial indices and enable easier company and sectorial comparability with global peers as well as comparability b...