Category: Business

Manama: Bahrain Bourse (BHB), a licensed exchange regulated by the Central Bank of Bahrain and an affiliate member of the International Organisation of Securities Commissions (IOSCO), has participated in the eighth annual World Investor Week (WIW), hosted from October 7th to 13th, 2024. This year marks the seventh consecutive involvement of BHB in this global initiative, underlining its ongoing commitment to promoting financial literacy and investor education.

According to Bahrain News Agency, the BHB took part remotely in the “Ring the Bell for Financial Literacy” event, a key activity of the World Federation of Exchanges during the WIW. The event saw participation from 100 other global exchanges, highlighting international cooperation in the drive to enhance financial awareness. Throughout the week, BHB organized various activities with stakeholders, including a key session with the Ministry of Interior on electronic fraud risks, led by Major Mohammed Al Abdulla, Head of the Financial Crimes Department.

T
he WIW, spearheaded by IOSCO, focuses on investor education and protection. This year, the campaign highlighted three pivotal themes: Technology and Digital Finance, Crypto Assets, and Sustainable Finance, with additional focus on Fraud and Scam Prevention, Investor Resilience, and the Basics of Investing.

Shaikh Khalifa bin Ebrahim Al Khalifa, CEO of Bahrain Bourse, expressed the significance of their continued participation in the WIW, emphasizing the role of financial literacy in strengthening the capital markets and supporting responsible investing.

Jean-Paul Servais, Chair of the IOSCO Board and Chairman of the Financial Services and Markets Authority in Belgium, noted the growing challenges and trends in the financial sector, including AI, crypto, and gamification. He underscored the success of previous WIW campaigns and their role in enhancing public awareness.

Furthering its mission to foster financial literacy, Bahrain Bourse also leads several initiatives targeting various age groups. These ini
tiatives include the Board Mentorship Programme with the Bahrain Institute of Banking and Finance (BIBF), the Smart Investor Programme for primary students in collaboration with INJAZ Bahrain, the TradeQuest Programme for older students, and the Capital Markets Apprenticeship Programme aimed at equipping interns with vital market skills.

Manama: Bahrain Bourse (BHB), a licensed exchange regulated by the Central Bank of Bahrain and an affiliate member of the International Organisation of Securities Commissions (IOSCO), has participated in the eighth annual World Investor Week (WIW), hosted from October 7th to 13th, 2024. This year marks the seventh consecutive involvement of BHB in this global initiative, underlining its ongoing commitment to promoting financial literacy and investor education.

According to Bahrain News Agency, the BHB took part remotely in the “Ring the Bell for Financial Literacy” event, a key activity of the World Federation of Exchanges during the WIW. The event saw participation from 100 other global exchanges, highlighting international cooperation in the drive to enhance financial awareness. Throughout the week, BHB organized various activities with stakeholders, including a key session with the Ministry of Interior on electronic fraud risks, led by Major Mohammed Al Abdulla, Head of the Financial Crimes Department.

T
he WIW, spearheaded by IOSCO, focuses on investor education and protection. This year, the campaign highlighted three pivotal themes: Technology and Digital Finance, Crypto Assets, and Sustainable Finance, with additional focus on Fraud and Scam Prevention, Investor Resilience, and the Basics of Investing.

Shaikh Khalifa bin Ebrahim Al Khalifa, CEO of Bahrain Bourse, expressed the significance of their continued participation in the WIW, emphasizing the role of financial literacy in strengthening the capital markets and supporting responsible investing.

Jean-Paul Servais, Chair of the IOSCO Board and Chairman of the Financial Services and Markets Authority in Belgium, noted the growing challenges and trends in the financial sector, including AI, crypto, and gamification. He underscored the success of previous WIW campaigns and their role in enhancing public awareness.

Furthering its mission to foster financial literacy, Bahrain Bourse also leads several initiatives targeting various age groups. These ini
tiatives include the Board Mentorship Programme with the Bahrain Institute of Banking and Finance (BIBF), the Smart Investor Programme for primary students in collaboration with INJAZ Bahrain, the TradeQuest Programme for older students, and the Capital Markets Apprenticeship Programme aimed at equipping interns with vital market skills.

Manama: This week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 160%, reflecting robust investor confidence.

According to Bahrain News Agency, the bills, which carry a maturity of 91 days, are issued by the Central Bank of Bahrain (CBB) on behalf of the Kingdom of Bahrain. The issue date was set for October 16, with a maturity date of January 15, 2025. This strong demand signifies a continued trust in Bahrain’s economic instruments amidst fluctuating global financial conditions.

The weighted average rate of interest for the Treasury Bills settled at 5.90%, a slight decrease from the previous rate of 6.04% for the issue on October 3. The approximate average price for this issue was 98.530%, with the lowest accepted price reaching 98.513%. The issuance, labeled as No. 2038 (ISIN BH0001P01236), contributes to a total outstanding value of Government Treasury Bills amounting to BD 2.110 billion.

Manama: This week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 160%, reflecting robust investor confidence.

According to Bahrain News Agency, the bills, which carry a maturity of 91 days, are issued by the Central Bank of Bahrain (CBB) on behalf of the Kingdom of Bahrain. The issue date was set for October 16, with a maturity date of January 15, 2025. This strong demand signifies a continued trust in Bahrain’s economic instruments amidst fluctuating global financial conditions.

The weighted average rate of interest for the Treasury Bills settled at 5.90%, a slight decrease from the previous rate of 6.04% for the issue on October 3. The approximate average price for this issue was 98.530%, with the lowest accepted price reaching 98.513%. The issuance, labeled as No. 2038 (ISIN BH0001P01236), contributes to a total outstanding value of Government Treasury Bills amounting to BD 2.110 billion.

Manama: This week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 160%, reflecting robust investor confidence.

According to Bahrain News Agency, the bills, which carry a maturity of 91 days, are issued by the Central Bank of Bahrain (CBB) on behalf of the Kingdom of Bahrain. The issue date was set for October 16, with a maturity date of January 15, 2025. This strong demand signifies a continued trust in Bahrain’s economic instruments amidst fluctuating global financial conditions.

The weighted average rate of interest for the Treasury Bills settled at 5.90%, a slight decrease from the previous rate of 6.04% for the issue on October 3. The approximate average price for this issue was 98.530%, with the lowest accepted price reaching 98.513%. The issuance, labeled as No. 2038 (ISIN BH0001P01236), contributes to a total outstanding value of Government Treasury Bills amounting to BD 2.110 billion.

Manama: This week’s BD 70 million issue of Government Treasury Bills has been oversubscribed by 160%, reflecting robust investor confidence.

According to Bahrain News Agency, the bills, which carry a maturity of 91 days, are issued by the Central Bank of Bahrain (CBB) on behalf of the Kingdom of Bahrain. The issue date was set for October 16, with a maturity date of January 15, 2025. This strong demand signifies a continued trust in Bahrain’s economic instruments amidst fluctuating global financial conditions.

The weighted average rate of interest for the Treasury Bills settled at 5.90%, a slight decrease from the previous rate of 6.04% for the issue on October 3. The approximate average price for this issue was 98.530%, with the lowest accepted price reaching 98.513%. The issuance, labeled as No. 2038 (ISIN BH0001P01236), contributes to a total outstanding value of Government Treasury Bills amounting to BD 2.110 billion.

Manama: Bahrain – Bahrain All Share Index and the Bahrain Islamic Index both registered declines in today’s trading session, reflecting a sluggish performance predominantly in the financial sector.

According to Bahrain News Agency, the Bahrain All Share Index finished the day at 1,997.93, down by 0.97 points from the previous close. Similarly, the Bahrain Islamic Index closed at 795.64, a decrease of 1.52 points. This downturn is attributed to the poor performance in the financial sector, which significantly influenced the overall market sentiment.

The trading session saw a total of 40 equity transactions, moving a volume of 721,455 shares worth BD 245,777. Notably, the financial sector was the most active, accounting for 86.54% of the total value of securities traded today. This high concentration of trading activity in the financial sector highlights its substantial impact on the market indices.

Investors and analysts will likely keep a close eye on the financial sector’s performance in the coming days,
as its influence could dictate the direction of the Bahrain stock market indices in the near term.