The Bahrain Bourse (BHB) saw a strong rally yesterday, driven by heavy trading in the financials sector.
The Bahrain All Share Index closed the day at 1,968.17, marking an increase of 15.10 points (0.77 per cent) compared to its previous closing. The Bahrain Islamic Index also rose, closing at 945.78 with an increase of 27.33 points (2.98pc).
The total trading value for the day reached BD796,506 from the exchange of 4,096,824 shares across 84 transactions.
Investor activity was heavily concentrated on the financials sector, which accounted for 92.16pc of the total traded value, amounting to BD734,064. This activity involved 3,948,650 shares executed through 67 transactions.
A total of 13 companies had their shares traded during the session. Share prices rose for 3 companies, fell for one company, and remained unchanged for the rest.
GFH Financial Group led the market in terms of value, accounting for the largest share of trading.
Leading the market in terms of traded value was GFH Financial Group, which topped the list with a value of BD574,815.50, representing a dominant 72.17pc of the total trading, involving 3,040,000 shares across 35 transactions.
Taking the second spot was Al Salam Bank, which secured a traded value of BD108,370.38, making up 13.61pc of the total, with 502,786 shares changing hands across 24 transactions.
Finally, Bank of Bahrain and Kuwait (BBK) ranked third among the most traded companies, with its shares valued at BD32,955.00, contributing 4.14pc to the total value through 65,000 shares executed in four transactions.
The Saudi exchange also ended yesterday’s session higher, with the Tadawul All Share Index rising 0.29pc to close at 11,528.59 points, gaining 32.87 points.
Total trading volume reached 248.78 million shares. Market breadth was positive, with 176 gainers against 79 decliners.
The MSCI Tadawul 30 Index edged up 0.15pc to 1,501.95 points, while the parallel market Nomu increased 0.67pc to close at 25,475.72 points.
Obeikan Glass Company led the gainers, climbing 7.72pc. National Shipping of Saudi Arabia followed with a 5.66pc rise, while Sport Clubs Company gained 5.17pc.
Al Khaleej Training and Education added 5.06pc, and Amlak International for Real Estate Finance rose 4.75pc.
Among the day’s top decliners, Sumou Real Estate dropped 2.58pc, and Northern Region Cement Company slipped 2.18pc.
Saudi Reinsurance Company fell 2.01pc, Naseej International Trading Company was down 2pc, and Derayah Financial Company decreased 1.76pc.
On the announcements front, Shmoh Al Madi Company said its board of directors approved the distribution of cash dividends amounting to 4.7m Saudi riyals for the first half of the 2025 fiscal year.
The dividend represents 0.50 riyal per share, or 10pc of the share’s nominal value. Eligibility will be for shareholders owning shares at the end of trading on October 12, with distribution scheduled for October 22 through the Securities Depository Centre Company.
The company’s shares closed at 13.20 riyals, rising 9.73pc.
Meanwhile, Atlas Elevators General Trading and Contracting Company announced its board of directors approved cash dividends totalling 2.9m riyals for the first half of fiscal year 2025.
The payout amounts to 0.50 riyal per share, or 8.47pc of the share’s nominal value. Eligible shareholders are those registered at the end of trading on October 9, with distribution starting October 21 via Edaa.
Atlas Elevators shares ended at 6.75 riyals, down 0.30pc.
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