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Bahrain bourse continues rise, helped by banks

Bahrain bourse continues rise, helped by banks
Bahrain Bourse

Bahrain-Mubasher: The Bahrain Bourse ended in the positive territory for the second straight day, supported by banking stocks.

The benchmark pared its gains at close, rising 0.18% or 2.54 points to reach the 1,395.24  level.

The commercial bank sector was the top gainer, advancing 0.52%, as Ahli United Bank and Al-Salam gained 0.68% and 0.71%, respectively.

The industrial sector followed, edging up 0.39%, boosted by Alba which was up 0.4% at BHD 0.496.

Meanwhile, the service was the only sector which headed south, falling 0.7%, hurt by Batelco which fell 1.18% and  Seef which dropped 1%.

Zain Bahrain, Khaleeji and Bahrain Islamic Bank as well as Bank of Bahrain and Kuwait closed on a flat note.

Turnover reached BHD 304,470, after 1.07 million shares changed hands through 52 transactions.

Translated by Abdul Maguid Aboshahla