Trading on the Bahrain Bourse (BHB) closed lower yesterday, with both the benchmark index and the Islamic index declining, as the primary sector dominated trading activity.
The Bahrain All Share Index fell by 5.25 points from its previous close, settling at 1,965.48.
Similarly, the Bahrain Islamic Index saw a drop of 13.90 points, closing at 934.17.
The percentage change for the Bahrain All Share Index was 0.27 per cent, while the Islamic index recorded a 1.47pc decrease.
Trading activity comprised 1,718,394 shares with a total value of BD562,156, executed through 82 transactions.
Investors heavily focused their trades on the basic materials sector.
Saudi Arabia’s Tadawul All Share Index also dipped yesterday, losing 88.86 points, or 0.77pc, to close at 11,494.45.
The total trading turnover of the benchmark index was 4.65 billion Saudi riyals ($1.24bn), with 42 stocks advancing and 211 retreating.
The MSCI Tadawul Index also fell, dropping 13.01 points, or 0.86pc, to close at 1,496.74.
The kingdom’s parallel market Nomu gained 57.44 points, or 0.22pc, to end at 25,862.86, as 45 listed stocks advanced while 47 retreated.
The best-performing stock of the session was Maharah Human Resources Company, whose share price surged 9.90pc to 5.33 riyals.
Other top performers included Saudi Automotive Services Company, up 7.44pc to 70 riyals, and National Shipping Company of Saudi Arabia, rising 7.24pc to 29.64 riyals. Savola Group and Al Omran Industrial Trading Company followed, climbing 4.80pc and 3.01pc to 26 riyals and 32.20 riyals, respectively.
On the downside, Naseej International Trading Company fell to 80.40 riyals, down 9.97pc.
Gas Arabian Services Company slipped to 15.57 riyals, down 4.13pc, and National Medical Care Company to 175.40 riyals, down 3.47pc. Methanol Chemicals Company dropped to 10.05 riyals, down 3.27pc, while Tamkeen Human Resource Company declined to 58.15 riyals, down 2.76pc.
On the corporate announcements front, Arabian Centres Company, operating as Cenomi Centers, announced a public offering of Saudi Riyal-denominated sukuk to refinance existing debt and meet general corporate needs.
According to a Tadawul statement, the offering follows Capital Market Authority approval on September 16, under the company’s established 4.5 billion riyals sukuk issuance programme. The final issuance amount will depend on market conditions, with Al Rajhi Capital appointed as financial adviser, sole arranger, and dealer for the offering.
Cenomi Centers’ shares traded 1.64pc lower, closing at 22.23 riyals.
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