Monday 23, June 2008 by
Seven-day pricing for GCC indices on the way
Standard & Poor’s said it is planning to introduce seven-day index calculations on its range of benchmark and investable equity indices for GCC markets. The move to full week pricing reflects what Standard & Poor’s calls its “commitment to providing its growing regional client base with reliable and timely index data” that will enable them to measure the performance of publicly listed companies, support the issuance and trading of new index-linked investment products and foster the development of exchange traded funds in the Gulf.
