FTSE and Bursa Malaysia launch indices

The stock exchange will gradually replace existing indices with the new, modern line-up, including Islamic benchmarks.

Index provider FTSE is to team up with Bursa Malaysia to provide a new series of equity indices for Malaysia, after yesterday signing their latest co-operation agreement. Under the deal, Bursa and FTSE will collaborate to develop and promote a series of domestic indices, customised indices and products for the equities market in Malaysia.

Bursa Malaysia said the new indices - scheduled to go live during the first half of 2006 - will be designed using international standards and will be free-float adjusted. The parties will also collaborate to create an Islamic index series for the Malaysia market and explore the feasibility of a wider co-operation on areas such as the...

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