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Bahraini bourse rallies powered by banks

Bahraini bourse rallies powered by banks
Photo Credit: Arabianeye-Reuters

Manama – Mubasher: Bahrain Bourse ended Wednesday’s session in the green, extending a rise to the third successive day, as it was powered by bank stocks mainly AUB.

The benchmark index rose 0.36% or 5 points to close at 1400.25 points.

The banks sector was the top gainer, with a rise of 0.59%, after AUB rose 0.68%. It was followed by the services sector that gained 0.55% helped by Batelco that jumped 1.2% to BHD 0.338.

The industrials sector came third with 0.39% growth, directly backed by Alba that closed 0.4% higher at BHD 0.498.

Meanwhile, the investment sector was the biggest loser, with a fall of 0.13%, as it was weighed by Esterad that slumped 9.54%.

The banks sector lost 0.06% pressured by AUB that slipped 0.68% to $0.730.

Wednesday’s turnover amounted to BHD 647,200, while traded volume reached 1.74 million shares.

Translated by Sayed Abdel Rahman