Bahrain All Share Index closed at 2,053.59 points yesterday, marking an increase of 8.86 points above the previous closing.
This increase was due to a rise in the financial sector and the consumer staple sector.
Bahrain Islamic Index has closed at 1,016.61 points, marking an increase of 20.60 points above the previous closing.
Results indicated that 106 equity transactions took place with a volume of 1,572,771 worth BD604,244.
Investors traded mainly in the financial sector, representing 48.47 per cent of the total value of securities traded.
Meanwhile, most Gulf stock markets closed higher yesterday, with Dubai ending at its strongest level in almost two decades, as investors looked ahead to earnings and absorbed softer oil prices.
Saudi stocks, however, were flat to slightly lower, weighed by profit-taking after the recent rally.
Dubai’s main share index gained 0.5pc, led by a 0.7pc rise in blue-chip developer Emaar Properties and a 0.8pc increase in utility firm Dubai Electricity and Water Authority. Further gains are possible if fourth-quarter earnings reports lift sentiment. Strong results could add momentum to a market that’s already underpinned by healthy fundamentals and upbeat growth expectations for the year, said Daniel Takieddine, co-founder and CEO of Sky Links Capital Group.
Saudi Arabia’s benchmark index concluded flat after a 3.3pc rally last week triggered by the government’s announcement that it would liberalise capital market access for foreign investors, starting next month.
In Abu Dhabi, the index rose 0.3pc, helped by a 0.3pc gain in ADNOC Gas. India signed a $3 billion LNG deal with the UAE on Monday, making it the UAE’s top customer. ADNOC Gas will supply Hindustan Petroleum with 0.5 million metric tonnes per year for 10 years as both countries move to deepen trade and defence ties.
Elsewhere, Abu Dhabi Islamic Bank – the emirate’s largest sharia-compliant lender – advanced 1.2pc, ahead of its fourth-quarter earnings release due today.
The Qatari index edged 0.1pc higher, supported by a 1.3pc rise in petrochemical maker Industries Qatar. Qatar Gas Transport added 0.8pc, ahead of its earnings announcement later in the day.
Outside the Gulf, Egypt’s blue-chip index advanced 1.9pc, hitting a new record high. Last week, the country received 1bn euros from the European Union and is set to receive a total of 3bn euros in two tranches in 2026, the International Cooperation Ministry said.
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