The Stock Exchange of Thailand plans to launch an Islamic Index in the second quarter of this year, the bourse’s Group Head of Market Development Santi Kiranand said Monday.
The index, to be called the FTSE SET Shariah Index, will comprise 55 stocks with a combined market capitalisation of around THB1.7 trillion (US$49 billion), equivalent to 47% of the total stock market, Santi told reporters.
The bourse is scheduled to meet investors in the United Arab Emirates and Abu Dhabi in the second half of this year to promote the Islamic index, he added.
The exchange also plans to launch a social responsibility index in the third quarter. Stocks under this index would account for 10% to 20% of total market capitalisation, Santi said.
Source: Intellasia | Dow Jones, 04.02.2009
Filed under: Exchanges, Islamic Finance, News, Thailand, Asia, Exchanges, Index, Islamic Capital, Islamic Finance, SET, Sharia, Thailand
