Bahrain Dow Jones indexes inaugurated

The "Dow Jones Indexes of Bahrain" was inaugurated on Tuesday in Manama as an index for companies listed in the Bahrain's stock market ( Bourse ), according to criterion adopted by "Dow Jones International."

Bahrain's stock market director Foaud al-Rashid said in a press conference held on Tuesday in Manama that the "inauguration of " Bahrain's Dow Jones Index will encourage world international establishments to increase their investments in Bahrain. He added "we do hope that this step will encourage local, Gulf and international financial establishments to benefit from the Indexes in order to gain more credibility for its financial tools."

Al-Rashid explained that the Index is now composed of 32 companies, adding that the Index will be valued in the Bahraini Dinar and the US Dollar so as to facilitate the process of comparing its performance with other Dow Jones Indexes.

Rashid added that the index which is composed of 100 points "will be limited to founding establishment in Bahrain and those taking Bahrain as a headquarters, and that the Bahrain stock market for banknotes to be its mother market."