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Issue 8 - June 2016
@BahrainBourse
www.bahrainbourse.comBAHRAIN BOURSE HOLDS THE FINAL TRADEQUEST AWARDS CEREMONY
FOR UNIVERSITIES & BAHRAIN POLYTECHNIC WINS FIRST PLACE
Bahrain Bourse (BHB) held on
Tuesday 17
th
May 2016 the fi-
nal Universities TradeQuest
Awards Ceremony with the at-
tendance of BHB’s Chief Ex-
ecutive Officer Shaikh Khal-
ifa bin Ebrahim Al Khalifa,
senior officials from universi-
ties, students and their families.
Shaikh Khalifa delivered a wel-
coming speech at the beginning of
the ceremony clarifying that the
Bourse adopted the TradeQuest
program to go in line with imple-
menting the Bourse’s comprehen-
sive strategy, where various initia-
tives and programs were launched
with the aim of spreading invest-
ment awareness among citizens
and residents and building long-
term relationships with Bahraini
and non-Bahraini institutions that
can contribute to implementing
this strategy in a way that will
enhance the investment environ-
ment in the capital markets sec-
tor in the Kingdom of Bahrain.
“This program reflects BHB’s
continuous commitment to col-
laborate with various related
parties in order to undertake the
steps that will spread and wid-
en investment awareness among
citizens in general and universi-
ty students in particular. This in
return will have a positive effect
on the current and future status
of our beloved country, where
we hope that this program has
contributed to better preparing
students and widening their un-
derstanding of the requirements
of the upcoming phase of their
future,” Shaikh Khalifa added.
Shaikh Khalifa also praised the
efforts of the students, the teams’
investment advisors and uni-
versity advisors throughout the
TradeQuest program and as-
sured that the Bourse will con-
tinuously develop this program
in cooperation with related
parties to make it more benefi-
cial for participating students.
During the ceremony, Bah-
rain Polytechnic was an-
nounced the first-place win-
ner, and BIBF ranked second.
TradeQuest is a simulated busi-
ness-education
partnership
program that focuses on invest-
ment trading in world financial
markets, which operated for the
first time for high school stu-
dents more than 16 years ago.
This year, three universities
participated in the Universi-
ties TradeQuest program and
they are: Bahrain Polytech-
nic, BIBF and Ahlia University.
THE BOURSE ISSUES A CONSULTATION PAPER ON MARKET MAKING
Bahrain Bourse announced on
Monday, 18
th
April 2016 the issu-
ance of a consultation paper on
Market Making in Bahrain Bourse.
The paper was disclosed on the
bourse’s website in order to receive
the views and opinions of Bahrain
Bourse Market Participants, prior
to the implementation of the Mar-
ket Making Rules and Guidelines.
The Chief Executive Officer of
Bahrain Bourse Shaikh Khalifa
bin Ebrahim Al-Khalifa said that
the implementation of the Market
Making Rules and Guidelines is
considered a milestone in orga-
nizing Market Making function at
Bahrain Bourse in a professional
manner and in accordance to in-
ternational standards in this area.
“Having qualified market mak-
ers will create a continuous bal-
ance between supply and demand
and will bridge the gap between
the buy and sell prices. Market
Makers will also make bids and
offers for shares available, along
with the volumes required for
buy and sell and will find the
balance price for the security by
entering the bids and offers of
securities,” Sh. Khalifa added.
Shaikh Khalifa assured that in-
troducing Market Making at the
bourse comes in line with BHB
Board resolution No.5 of year
2015 that obligates all listed com-
panies to have a minimum free
float of 10% of the issued and fully
paid shares. The Market Making
function will reflect positively on
the liquidity at BHB by enhanc-
ing the confidence of regional and
foreign investors in the market.