Bahrain extends bourse hours to spur trading

by James Cordahi Monday, 07 January 2008

Bahrain said it will extend stock market trading hours by one hour to three hours from Sunday to boost activity.

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The market will open at 0630 GMT, rather than 0700, and close at 0930 rather than 0900, the exchange said on its website.
"We hope that extending the trading session to three hours will contribute to increasing the trading activity at the exchange," Fouad Rashid, director of the Bahrain Stock Exchange is quoted as saying in the statement.

Bahrain's main index rose 24.3% last year, the least among the seven Gulf Arab indexes. It is lagging so far this year, up less than 1%. (Reuters)



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