THE Bahrain Bourse witnessed a decline in its main indices during yesterday’s trading session, with a total turnover dominated by the financial sector.
The Bahrain All Share Index closed at 1,949.81, marking a decrease of 2.64 points from its previous closing level. Similarly, the Bahrain Islamic Index also dropped, settling at 917.15 after falling by 1.48 points. The day saw a total of 2,982,694 shares traded, generating an aggregate value of BD773,033 across 79 transactions.
The financial sector was the clear focus for investors, accounting for a significant majority of the day’s activity. The sector’s traded value reached BD707,433, representing 91.51 per cent of the total trading value. This value was generated from the trading of 2,868,630 shares through 58 transactions.
GFH Financial Group topped the list of most actively traded companies by value, commanding 40.65pc of the total value at BD314,267.20. The company traded 1,755,000 shares in 15 transactions. Bank of Bahrain and Kuwait (BBK) secured the second spot with a traded value of BD284,448.55, which represented 36.80pc of the total value, stemming from the trade of 563,241 shares via 10 transactions.
Esterad followed in third place, contributing 6.33pc of the total traded value, amounting to BD48,920.10 from the exchange of 257,500 shares in 14 transactions. Other highly traded companies included Beyon at 4.13pc and National Bank of Bahrain (NBB) at 3.78pc of the total value.
Trading activity involved the shares of 14 companies. By the end of the session, the share prices of two companies increased and the prices of four companies decreased, while the remaining companies maintained their previous closing prices.
Saudi Arabia stocks were lower after the close yesterday, as losses in the financial services, energy and utilities and multi investment sectors led shares lower.
At the close in Saudi Arabia, the Tadawul All Share declined 0.69pc.
The best performers of the session on the Tadawul All Share were Arabia Cooperative Insurance, which rose 10pc or 3.52 points to trade at 38.72 at the close. Meanwhile, Fawaz Abdulaziz AlHokair Company added 9.97pc or 2.58 points to end at 28.46 and Arabian Contracting Services Company was up 6pc or 5.65 points to 99.85 in late trade.
The worst performers of the session were Sustained Infrastructure Holding Company, which fell 3.35pc or 1.14 points to trade at 32.86 at the close. Jadwa REIT Saudi Fund declined 3.33pc or 0.37 points to end at 10.74 and Al Rajhi Bank was down 3.15pc or 3.30 points to 101.50.
Rising stocks outnumbered declining ones on the Saudi Arabia Stock Exchange by 167 to 162 and 25 ended unchanged.
The Kuwait Stock Exchange ended yesterday’s trading session with its overall index falling by 22.63 points, a decline of 0.26pc, closing at 8,755.47 points.
A total of 504.3 million shares were traded through 25,825 transactions, with a total value of 94.3m dinars ($286.6m).
Breaking down the performance by market segments, the Main Market Index rose by 8.16 points, or 0.10pc, closing at 8,170.72 points. This movement came on the back of 359.7m shares traded across 17,910 deals, valued at 46.5m dinars.
Conversely, the Premier Market Index declined by 31.44 points, or 0.34pc, ending the day at 9,333.93 points. Trading in this segment involved 144.5m shares through 7,915 transactions, with a value of 47.7m dinars.
Meanwhile, the Main 50 Index saw notable gains, climbing 38.30 points, or 0.46pc, to close at 8,455.30 points. This was supported by trading 256.4m shares in 10,596 deals, worth 33.4m dinars.
The mixed market performance reflects varied investor sentiment across sectors amid ongoing economic developments locally and globally, which continue to influence market dynamics.
The Qatar Stock Exchange (QSE) closed yesterday’s trading session on a positive note, with its main index rising by 19.11 points, or 0.17pc, to settle at 10,977.66 points.
Trading activity was moderately active, with 82,904,532 shares changing hands across 12,389 transactions.
Market performance was mixed, with 21 companies posting gains, while 24 companies saw their share prices decline. Six companies maintained their previous closing prices.
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