The Philippine Stock Exchange

PSE readies list of Shariah-compliant stocks

The Philippine Stock Exchange (PSE) will release a list of Shariah-compliant stocks this month to draw Muslim investors to the stock market. PSE tapped a third-party consulting firm to assist the exchange in selecting companies that will be part of the list. The PSE is on the first year of a three-year plan to expand liquidity by offering more products and services. The PSE has been introducing new products including real estate investment trusts (REITs) and exchange traded funds (ETFs) to boost volumes. For next year, the PSE should attract the same number as this year’s initial public offerings (IPOs), mainly from the consumer-related and infrastructure sectors.

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