61. One of the important part of the announcement is the freeze on new listings and corporate restructuring. 62. Several forms of corporate exercises, including new listings, restructuring and rights issues have been slowed down to ensure that liquidity is not diverted from the system. 63. Shares of newly-listed companies have fared badly on listing day in recent weeks, leading to speculation that regulators discouraged new listings. 64. Sheik Mohammed said Bahrain will introduce new legislation to monitor companies listed on the exchange, and plans to encourage new listings. 65. The agency banned almost all new listings in November. 66. The Government is also differing all mega projects and freezing allapplications for new listings, rights issues and corporate restructuring. 67. The number of the new listings was much higher than the initial target. 68. The new listings come with no assurances that all belong to Holocaust victims. 69. The move to freeze new listings is really nothing new to cause any alarm to potential companies. 70. With declining trading volumes and new listings, the exchange has been losing its prominence in the past one decade. |