S&P launches investable Gulf States indices

S&P has launched series of investable indices for the Gulf Cooperation Council States, which include five new country indices – S&P/IFCI Bahrain, S&P/IFCI Kuwait, S&P/IFCI Oman, S&P/IFCI Qatar, S&P/IFCI United Arab Emirates – and a GCC Composite Index. All indices are restricted to foreign stocks and non-GCC residents have unrestricted rights to trade.S&P said the GCC Investable Series had been launched in response to rapidly-growing investment flows from internationa