BSE Investor Survey                   عربي
Dear Investor, We are conducting this survey as part of BSE's ongoing efforts to tailor its services and introduce initiatives to improve Bahrain's capital markets. If you have any comments or questions about the survey, please submit here. We look forward very much to working with you on this survey, and thank you for your part in making it a success! Please note that you can save your survey! If you cannot complete your survey in one sitting, please scroll to the bottom of this page where you may save your answers and return to complete your response later. If you are a retuning user, please click here to return to your previously saved version of this survey.
SECTION 1: BACKGROUND AND PROFILE
This section establishes background information for classification purposes only, no specific personal information will be distributed to third parties.
1.1. Age	Please select Less than 20 20-29 30-39 40-49 50 and above
1.2. Gender	Male Female
1.3. Nationality	Please select BAHRAIN OMAN QATAR SAUDI ARABIA UNITED ARAB EMIRATES KUWAIT AFGHANISTAN AFRICA ALBANIA ALGERIA ANDORRA ANGOLA ANTIGUA ANGUILLA ARGENTINA ARMENIA ARUBA AUSTRALIA AUSTRIA AZERBAIJAN BAHAMAS BANGLADESH BARBADOS BELARUS BELGIUM BELIZE BENIN BERMUDA BHUTAN BOLIVIA BOSNIA-HERZEGOVINA BOTSWANA BRAZIL BRITISH VIRGIN ISLANDS BRUNEI BURKINA FASO BULGARIA BURMA BURUNDI CAMBODIA CAMEROON CANADA CAPE VERDE CAYMAN ISLANDS CENTRAL AFRICAN REPUBLIC CHAD CHANNEL ISLANDS CHILE CHINA COLOMBIA COMOROS COSTA RICA CROATIA CUBA CURACAO CYPRUS CZECH REPUBLIC DENMARK DJIBOUTI DOMINICA DOMINICAN REPUBLIC ECUADOR EGYPT EL SALVADOR ERITREA ESTONIA ETHIOPIA FAROE ISLANDS FRENCH GUIANA FIJI ISLANDS FINLAND FRANCE FRENCH WEST INDIES GABON GAMBIA GEORGIA GERMANY GHANA GIBRALTAR GREECE GREENLAND GRENADA GUADELOUPE GUATEMALA GUINEA GUINEA-BISSAU GUYANA HAITI HONDURAS HONG KONG HUNGARY ICELAND INDIA INDONESIA IRAN IRAQ IRELAND ISLE OF MAN ISRAEL ITALY IVORY COAST JAMAICA JAPAN JORDAN KAMPUCHEA KAZAKHSTAN KENYA KINGDOM OF TONGA KIRIBATI KOREA KYRGYZSTAN LAOS LATVIA LEBANON LESOTHO LIBERIA LIBYA LIECHTENSTEIN LITHUANIA LUXEMBOURG MACAO MACEDONIA MADAGASCAR MALAWI MALAYSIA MALDIVES MALI MALTA MARTINIQUE MAURITANIA MAURITIUS MEXICO MOLDOVA MONACO MONGOLIA MONSERRAT MOROCCO MOZAMBIQUE MYANMAR NAMIBIA NAURU NEPAL NETHERLANDS NETHERLANDS ANTILLES NEW CALEDONIA NEW HEBRIDES NEW ZEALAND NICARAGUA NIGER NIGERIA NORTHERN IRELAND NORWAY PAKISTAN PALESTINE PANAMA PAPUA NEW GUINEA PARAGUAY PERU PHILIPPINES POLAND PORTUGAL PUERTO RICO REUNION ROMANIA RUSSIA RWANDA SAO TOME & PRINCIPE SAN MARINO SENEGAL SERBIA-MONTENEGRO SEYCHELLES SIERRA LEONE SINGAPORE SLOVAK REPUBLIC SLOVENIA SOLOMON ISLANDS SOMALIA SOUTH AFRICA SPAIN SRI LANKA ST KITTS ST LUCIA ST MARTIN ST VINCENT AND THE GRENADINES SUDAN SURINAME SWAZILAND SWEDEN SWITZERLAND SYRIA TAHITI TAIWAN TAJIKSTAN TANZANIA THAILAND TOGO TONGA TRINIDAD & TOBAGO TUNISIA TURKEY TURKMENISTAN TURKS AND CAICOS ISLANDS TUVALU UGANDA UKRAINE UNITED KINGDOM UNITED STATES UPPER VOLTA URUGUAY UZBEKISTAN VANUATU VATICAN CITY VENEZUELA VIETNAM WEST INDIES WESTERN SAMOA< YEMEN ZAIRE ZAMBIA ZIMBABWE
1.4. Education level	Please select Pre-high school High school Diploma Bachelor’s degree Graduate degree
1.5. Occupation
1.6. Annual income range	Please select No annual income Less than BD10,000 (US$26,000) BD10,000 - BD25,000 (US$26,000 - US$66,000) BD25,000 - BD50,000 (US$66,000 - US$133,000) BD50,000 - BD75,000 (US$133,000 - US$199,000) Above BD75,000 (US$199,000)
1.7. Do you have personal access to the internet?	Yes, at work only Yes, at home only Yes, at work and at home No internet access
1.8. Please indicate if you currently own the following investment instruments (tick all that apply)	Stocks Bonds/Sukuk Mutual funds None (please skip to question 1.10)
1.9. Please indicate the latest size of your portfolio (including all equities, bonds/sukuk and mutual funds, if any)	Please select Less than BD5,000 (US13,000) BD5,001 - BD10,000 (US$13,001 - US$26,000) BD10,001 - BD25,000 (US$26,001 - US$66,000) BD25,001 - BD50,000 (US$66,001 - US$132,000) BD50,001 - BD100,000 (US$132,000 - US$265,000) BD100,001 (US$265,001) and above
1.10. Do you trade online?	Yes No
SECTION 2: TRADING PATTERNS
This section applies to investors who have had experience trading or investing in a market. If you have no prior experience, please skip to Section 5
2.1. Please indicate your total number of trades in the following instruments in the past 12 months: (Consider each buy and sell transaction as separate trades)	(i) G.C.C equities (iii) G.C.C focused mutual funds (v) Equity derivatives Please select 1 – no trades 2 – less than 10 trades 3 – 11-50 trades 4 – 51-100 trades 5 – 101 trades and above Please select 1 – no trades 2 – less than 10 trades 3 – 11-50 trades 4 – 51-100 trades 5 – 101 trades and above Please select 1 – no trades 2 – less than 10 trades 3 – 11-50 trades 4 – 51-100 trades 5 – 101 trades and above (ii) Non-G.C.C equities (iv) Non-G.C.C focused mutual funds (vi) Other derivatives (currency, commodities, interest rates etc.) Please select 1 – no trades 2 – less than 10 trades 3 – 11-50 trades 4 – 51-100 trades 5 – 101 trades and above Please select 1 – no trades 2 – less than 10 trades 3 – 11-50 trades 4 – 51-100 trades 5 – 101 trades and above Please select 1 – no trades 2 – less than 10 trades 3 – 11-50 trades 4 – 51-100 trades 5 – 101 trades and above
2.1.1. People who traded in both (i) GCC equities and (iii) GCC mutual funds Your portfolio comprises: larger proportion of mutual funds as compared to equities larger proportion of equities as compared to mutual funds approximately equal proportion of mutual funds and equities Your main reason(s) for investing in mutual funds rather than equities is(are) the following: ease of purchase / sale exposure to different sectors simultaneously better returns more information available less risky Other, please state
2.1.2. People who traded in either (v) equity derivatives or (vi) other derivatives Please indicate the geographical location of the underlyings instruments of the derivatives you have traded (tick all that apply): Asia Europe MENA North America Please indicate your means of access to these markets: (tick all that apply) Online foreign brokerage (Interactive Brokers, SAXO etc.) GCC-based brokerage
2.2. Please indicate the frequency with which you traded in the following markets in the past 12 months:	Bahrain Kuwait Please select No trades Less than 1 trade a month 1-5 trades a month 5-10 trades a month More than 10 trades a month Please select No trades Less 1 trade a month 1-5 trades a month 5-10 trades a month More than 10 trades a month Oman Qatar Please select No trades Less 1 trade a month 1-5 trades a month 5-10 trades a month More than 10 trades a month Please select No trades Less 1 trade a month 1-5 trades a month 5-10 trades a month More than 10 trades a month Saudi UAE – Abu Dhabi Please select No trades Less 1 trade a month 1-5 trades a month 5-10 trades a month More than 10 trades a month Please select No trades Less 1 trade a month 1-5 trades a month 5-10 trades a month More than 10 trades a month UAE – Dubai Please select No trades Less 1 trade a month 1-5 trades a month 5-10 trades a month More than 10 trades a month
2.3. Please indicate the average holding period for your investments in GCC equities:	Please select less than 1 month 1 to 3 months 3 to 6 months 6 months to 1 year more than 1 year I do not trade in GCC equities
2.4. You attend General Meetings for the companies which you have holdings in:	Please select All the time Frequently (attended more than half of all meetings) Seldom (attended less than half of all meetings) Never I do not hold shares in any listed company
2.5. The following questions determine your priority levels for various aspects of a stock market: 2.5.1 Please rank the following in terms of importance when deciding to invest in a market: Overall size of the market very important important somewhat important not important Turnover on the market very important important somewhat important not important Low cost of trade very important important somewhat important not important Online trading offered very important important somewhat important not important Service levels of brokers very important important somewhat important not important Availability of research information on the listed companies very important important somewhat important not important Range of investment products (e.g. stocks, exchange traded funds, warrants etc.) available very important important somewhat important not important Strength and presence of specific industry sectors (e.g. financial services, real estate, oil and gas) very important important somewhat important not important Institutional investor participation levels very important important somewhat important not important Foreign investor participation levels very important important somewhat important not important
2.5.2 The following is more important when deciding to invest in a market	High potential returns Reputable regulations and strong investor protection measures
2.5.3 The following is more important when deciding to invest in a market	Stable long-term returns Volatility and potential for short-term (less than 1 year) returns
2.5.4 The following is more important when deciding to invest in a market	Performance of a specific industry sector (e.g. financial services, real estate, oil and gas) Performance of the entire market
2.6. Would you prefer trading after office hours?	Yes No
SECTION 3: INVESTMENT EVALUATION
This section applies to investors who have had experience trading or investing in a market. If you have no prior experience, please skip to Section 5
3.1. You rely on the following forms of investment analysis	Mostly technical analysis Mostly fundamental analysis Both technical and fundamental analysis Others
3.2. Please rank the following in terms of priority for your investments decision in equities: Dividend yield and long term returns Highest priority Neutral Lowest priority Short term capital gains Highest priority Neutral Lowest priority Strategic investment holdings Highest priority Neutral Lowest priority
3.3. Please indicate your main sources of investment information and their level of influence to your investment decision: Verbal advice from financial advisers / brokers complete influence substantial influence little influence Annual reports of companies complete influence substantial influence little influence Quarterly announced financial statements of companies complete influence substantial influence little influence Friends / family complete influence substantial influence little influence Information on Exchanges’ websites (company announcements, trading data, charts etc.) complete influence substantial influence little influence Newspaper articles complete influence substantial influence little influence General internet resources and web-based information portals (Bloomberg, Reuters etc.) complete influence substantial influence little influence Research reports by brokers complete influence substantial influence little influence Television Channels complete influence substantial influence little influence Others Please state : complete influence substantial influence little influence
3.4. Please indicate the importance of each of the following aspects in your evaluation of companies for potential investments: Board and corporate governance practices very important important somewhat important not important Historical financial performance and track record of profitability very important important somewhat important not important Market capitalization of company very important important somewhat important not important Trading activity and liquidity of the company’s stock very important important somewhat important not important Percentage of shares held in the hands of major shareholders very important important somewhat important not important Presence of key stakeholders (founders, key directors, government-linked) very important important somewhat important not important Sharia compliance very important important somewhat important not important Shareholder rights (pre-emptive rights, rights to vote on major decisions taken by a company) very important important somewhat important not important Level of disclosures very important important somewhat important not important Level of familiarity with company very important important somewhat important not important
SECTION 4: BROKER SERVICES
This section applies to investors who have had experience trading or investing in a market. If you have no prior experience, please skip to Section 5
4.1. Please state your level of satisfaction with the following aspects of your broker: Cost of opening and maintaining account very satisfied satisfied somewhat satisfied not satisfied Not applicable Cost of trading very satisfied satisfied somewhat satisfied not satisfied Not applicable Ease of access to the markets very satisfied satisfied somewhat satisfied not satisfied Not applicable Speed of execution very satisfied satisfied somewhat satisfied not satisfied Not applicable Accuracy of execution very satisfied satisfied somewhat satisfied not satisfied Not applicable Advice and market information very satisfied satisfied somewhat satisfied not satisfied Not applicable Handling of payments and receipts very satisfied satisfied somewhat satisfied not satisfied Not applicable Handling of corporate actions (dividend payouts, bonus shares) very satisfied satisfied somewhat satisfied not satisfied Not applicable
SECTION 5: INFORMATION AND EDUCATION
5.1. Please indicate the subjects which you would like to know more about: (tick all that apply)	Investors’ rights and responsibilities Market manipulation Investment instruments Investment risks Market structure and operations Dealing and IPO application procedures Rules and regulations Investment basics (analysis of key financial indicators, financial statements etc.)
5.2. Please indicate, from the following, the top three sectors which you are interested in investing:	Sector 1 : Please select Consumer goods and services (e.g. automobiles, food and beverages, retailers) Financials (e.g. banks, insurance companies) Industrials (e.g. construction, industrial services) Oil and gas Real estate and property Technology Telecommunications Sharia-compliant equities Utilities (e.g. power, water) Sector 2 : Please select Consumer goods and services (e.g. automobiles, food and beverages, retailers) Financials (e.g. banks, insurance companies) Industrials (e.g. construction, industrial services) Oil and gas Real estate and property Technology Telecommunications Sharia-compliant equities Utilities (e.g. power, water) Sector 3 : Please select Consumer goods and services (e.g. automobiles, food and beverages, retailers) Financials (e.g. banks, insurance companies) Industrials (e.g. construction, industrial services) Oil and gas Real estate and property Technology Telecommunications Sharia-compliant equities Utilities (e.g. power, water)
5.3. Please indicate, from the following, the top three geographical sectors which you are interested in investing:	Sector 1 : Please select GCC members Middle East North Africa excluding GCC China India Japan Asia (excluding China, India and Japan) United Kingdom European Union United States Russia Sector 2 : Please select GCC members Middle East North Africa excluding GCC China India Japan Asia (excluding China, India and Japan) United Kingdom European Union United States Russia Sector 3 : Please select GCC members Middle East North Africa excluding GCC China India Japan Asia (excluding China, India and Japan) United Kingdom European Union United States Russia
5.4. Please rate your own investment skill:	beginner intermediate advanced
SECTION 6: OVERALL PERCEPTION OF BAHRAIN STOCK EXCHANGE
6.1. Cost of trading on BSE is reasonable	Yes No
6.2. There is effective regulation of listed companies	Yes No
6.3. There is sufficient level of disclosure by listed companies	Yes No
6.4. There is sufficient protection for investors	Yes No
6.5. There is sufficient regulation of broker activities	Yes No
6.6. The regulatory authority of BSE is clear and different from the CBB	Yes No
6.7. Trading on BSE is fair and orderly	Yes No
6.8. The IPO allocation process is fair	Yes No
6.9. The information / services provided on the BSE website is sufficient	Yes No
6.10. There are sufficient services offered by the BSE to its investors	Yes No
6.11. If you have other comments on the attractiveness of BSE and Bahrain's market as compared to other stock markets, please list them here:
END OF SURVEY
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