Bahrain All Share Index closed at 2,058.48 points yesterday, marking an increase of 7.32 points above the previous closing.
This increase was due to a rise in the communication service sector, the consumer discretionary sector, the financial sector, the industrial sector and the material sector.
Bahrain Islamic Index has closed at 1,009.18 points, marking an increase of 2.17 points above the previous closing.
Results indicated that 80 equity transactions took place with a volume of 5,264,966 worth BD 1,285,879.
Investors traded mainly in the financial sector, representing 91.21 per cent of the total value of securities traded.
Most Gulf stock markets ended higher yesterday after the US Federal Reserve’s interest rate cut, but gains were capped by the central bank’s cautious tone on policy trajectory.
Gulf central banks cut key interest rates by 25 basis points on Wednesday, mirroring the move by the Fed. Dubai’s main share index gained 0.4pc, helped by a 2.6pc rise in top lender Emirates NBD.
The market remains backed by solid fundamentals and a strong growth rate, which could be further bolstered by the recent interest rate cut, said Milad Azar, market analyst at XTB Mena.
In Abu Dhabi, the index closed 0.3pc higher.
The Qatari benchmark advanced 0.9pc, with petrochemical maker Industries Qatar rising 1.6pc.
Saudi Arabia’s benchmark index, however, eased 0.1pc, hit by a 1.7pc fall in major oil producer Saudi Aramco.
Outside the Gulf, Egypt’s blue-chip index lost 0.1pc.
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