BAHRAIN All Share Index has closed at 2,065.12 points, marking a decrease of 3.23 points below the previous closing.
This decrease was due to a drop in the financial sector.
Bahrain Islamic Index has closed at 1,031.48 points, marking an increase of 0.67 points above the previous closing.
Results indicated that 71 equity transactions took place with a volume of 1,591,048 worth bd 446,740.
Investors traded mainly in the financial sector, representing 70.11 per cent of the total value of securities traded.
Meanwhile, most Gulf stock markets rose yesterday, buoyed by expectations of additional Federal Reserve interest rate cuts in the coming year, though subdued oil prices tempered overall sentiment.
Investor focus will now shift to the minutes of the Fed’s most recent meeting, scheduled for release today.
The US central bank lowered rates earlier this month and signalled only one additional cut next year, though market participants are betting on at least two more. Monetary policy shifts in the United States have a significant impact on Gulf markets, where most currencies are pegged to the dollar.
Saudi Arabia’s benchmark index gained 0.7pc, with Al Rajhi Bank up 0.9pc and Saudi National Bank, the country’s biggest lender by assets, adding 1.4pc. Oil behemoth Saudi Aramco closed 0.8pc higher.
The Qatari index added 0.3pc, with Qatar National Bank advancing 2pc.
In Abu Dhabi, the stock index closed 0.3pc higher.
Dubai’s main share index edged up 0.1pc, with Dubai Electricity and Water Authority rising 1.1pc. Bahrain’s bourse was left flat on the day. Post trading hours, Bahrain announced that it has launched major fiscal reform measures that include raising fuel prices, electricity and water tariffs, and dividends from state-owned companies, a government statement said yesterday.
Outside the Gulf, Egypt’s blue-chip index was up 0.3pc.
&uuid=(email))