Bahrain-based Securities and Investment Company (Sico) has maintained its leading position as the most active broker on the Bahrain Bourse both in terms of volume and value for the 12th consecutive year.

The firm executed a total number of 9,511 transactions, which was equal to 24.2 per cent of the total transactions completed on the Bahrain Bourse for 2010 and which represented a total trade volume of 551 million shares representing 45 per cent of total market volume.

The total value of transactions was more than BD93.5 million ($248 million), representing a market share of 43.16 per cent of the total value of all shares transacted during the year.

The firm executed the bulk of the larger transactions on the exchange in 2010.

Sico continued to build its business with Bahraini, regional and foreign investors, further enhancing its status as the broker of choice on the Bahrain Bourse for international fund managers, prime brokers and financial institutions.

'We are delighted to maintain our leading position on the Bahrain Bourse,' said Sico chief executive officer Anthony C Mallis.

'As an increasing number of Bahraini, regional and foreign investors seek to access Gulf stock exchanges, Sico is ideally equipped with the right team, skills and knowledge to be able to execute and support client's orders.'-TradeArabia News Service