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MANAMA: Bahrain Bourse (BHB) is switching to a new system of industrial classification for listed companies aimed at providing more reliable information to investors, it has emerged.
With effect from July 11 this year, the exchange will adopt the Global Industry Classification Standard (GICS), a global benchmark developed by index providers MSCI and S&P Dow Jones Indices to better capture the breadth, depth and evolution of sectors, officials told a virtual Press conference yesterday .
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