Bahrain All Share Index closed at 2,047.46 points yesterday, marking an increase of 7.14 points above the previous closing.
This increase was due to a rise in the financial sector, the industrial sector, and the real estate sector.
Bahrain Islamic Index has closed at 1,002.44 points, marking an increase of 14.98 points above the previous closing.
Results indicated that 101 equity transactions took place with a volume of 2,217,104 worth BD599,697.
Investors traded mainly in the financial sector, representing 70.41 per cent of the total value of securities traded.
Meanwhile, global shares fell and US Treasury yields rose yesterday as investors took a breather following five straight sessions of gains and ahead of key economic data that could support bets on Federal Reserve interest rate cuts.
Equities on Wall Street were trading lower, with utilities, real estate and industrial stocks driving losses. Energy stocks were the top gainers as Brent crude prices rose more than 1pc.
The Dow Jones Industrial Average fell 0.69pc, the S&P 500 slipped 0.55pc, and the Nasdaq Composite dropped 0.65pc. All three indexes had finished higher in the past five trading days.
European stocks slipped, with a drop in defence stocks helping fuel weakness. The pan-European STOXX 600 index fell 0.28pc.
The MSCI World Equity Index was down 0.39pc on the day following five consecutive sessions of gains.
“The bull argument, both technically and fundamentally, is as strong as it has been in some time, while the bears are reliant on AI and valuation scepticism,” said Nationwide Chief Market Strategist Mark Hackett.
US Treasury yields rose across the board. The yield on benchmark US 10-year notes rose 6.4 basis points to 4.083pc. The 2-year note yield, which typically moves in step with Fed rate expectations, rose 3.7 basis points to 3.528pc.
“The modest pullback today would not be unexpected, but it’s more of a pressure release valve following the rally than a sign of stress,” Hackett added.
Data yesterday showed US manufacturing contracted for the ninth straight month in November as the drag from import tariffs persisted. Other economic data including the closely watched Personal Consumption Expenditures index are due later this week.
Bank of Japan Governor Kazuo Ueda said the central bank will consider the “pros and cons” of raising rates at its next policy meeting, causing traders to sharply increase their rate-hike bets.
The Japanese yen strengthened 0.72pc against the greenback to 155.06 per dollar. The euro was up 0.33pc at $1.1633.
The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, fell 0.27pc to 99.17.
Bitcoin was down 6.8pc to $84,985.46, extending losses and putting bitcoin-buying companies under pressure. Gold hit its highest in six weeks, driven by expectations for US rate cuts, and was last at $4,227.45.
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