AFC To Launch GDR Index On 1 January
Beirut based Arab Finance Corporation (AFC) will launch an Arab globaldepositary receipt (GDR) index the Arab Internationally Traded Stock Index (AITSI) on 1 January, an AFC official told Reuters on 2 December. The index will include 13firms from six Middle East countries: Egypt, Jordan, Lebanon, Tunisia, Bahrain andMorocco. The total capitalization of the tracked GDRs stands at $1.2bn. The officialcommented that the...