The Bahrain Bourse (BHB) witnessed a strong performance this week, with the Bahrain All Share Index gaining 0.9 per cent and the Bahrain Islamic Index surging by 3.23pc.
Total trading value reached over BD2.9 million, underscoring robust investor confidence as the market closed yesterday.
The total quantity of shares traded during the week amounted to 11,896,335 shares, executed through 364 transactions. This marks a slight decrease in both volume and the number of transactions compared to the previous week.
Overall, 23 companies were traded during the week. Share prices for eight companies increased, while only four companies saw a decline.
The market’s positive momentum was reflected across key indices, with the Bahrain All Share Index closing at 1,970.73 points, up 17.66 points from the previous week’s close of 1,953.07.
The Bahrain Islamic Index closed at 948.07 points, rising by 29.63 points from its previous close of 918.45.
Most sectoral indices also recorded gains, with the financial sector index leading the advance, climbing by 1.19pc.
The consumer staples sector index increased by 0.64pc, whereas the consumer discretionary sector index rose by 0.61pc.
The basic materials sector index increased by 0.55pc, while the telecommunications sector index gained 0.31pc.
The Real Estate Sector Index was the only one to register a drop, falling by 1.67pc.
Sectoral contributions were heavily skewed towards finance, with the financial sector taking the top spot in total value traded.
The financial sector accounted for 62.30pc of the total value, equating to BD1,811,834. This was achieved through the trading of more than nine million shares (9,047,683 shares) across 212 transactions.
The basic materials sector secured the second rank, contributing 19.46pc of the total value, or BD565,778, with 625,281 shares traded in 79 transactions.
At the individual company level, GFH Financial Group and Alba drove a significant portion of the week’s activity.
GFH Financial Group was the leader in terms of value, with shares worth BD1,149,965 traded, representing 39.54pc of the total market value.
The company also saw the largest volume, accounting for 49.71pc of the week’s trading volume, or 5,913,111 shares.
Alba ranked second by value, accounting for BD565,778, or 19.46pc of the total value.
The overall top five companies by value were: GFH Financial Group (39.54pc), Alba (19.46pc), Al Salam Bank (14.91pc), Zain Bahrain (5.24pc), and BMMI (5.01pc).
The average daily trading value was BD581,625. The average daily trading volume was 2,379,267 shares. The average number of daily transactions was 73.
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