BAHRAIN All Share Index closed at 2,045.14 points yesterday, marking a decrease of 1.59 points below the previous closing.
This decrease was due to the fall in the consumer discretionary sector, the financial sector and the materials sector.
The Bahrain Islamic Index closed at 995.90 points, marking an increase of 1.01 points above the previous closing.
Results indicated that 123 equity transactions took place with a volume of 3,772,283 worth BD1,032,226.
Investors traded mainly in the financial sector, representing 70.88 per cent of the total value of securities traded.
Most stock markets in the Gulf closed higher yesterday helped by climbing oil prices, while investors assessed the possible impact on the dollar and interest rates after the US administration threatened Federal Reserve Chair Jerome Powell with a criminal indictment.
Saudi Arabia’s benchmark index advanced 1.4pc, with Al Rajhi Bank rising 1.9pc and Saudi Arabian Mining Company jumping 4.9pc. Elsewhere, oil giant Saudi Aramco climbed 2.7pc. Dubai’s main share index gained 0.8pc, with top lender Emirates NBD rising 1.7pc and sharia-compliant lender Dubai Islamic Bank was up 1.2pc. In Abu Dhabi, the index added 0.3pc.
The Qatari index concluded 0.6pc higher, with Qatar Islamic Bank putting up 1.8pc. Post trading hours, the Gulf’s biggest lender by assets Qatar National Bank, which ended 1pc higher, reported an annual net profit of 17 billion riyals ($4.66bn).
Outside the Gulf, Egypt’s blue-chip index rose 0.7pc, with Commercial International Bank leaping 4.5pc.
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