Bahrain All Share Index closed at 2,052.49 points yesterday, marking a decrease of 1.10 points below the previous closing.
This decrease was due to the drop in the communications services and financials sectors.
Bahrain Islamic Index closed at 1,014.38 points, marking a decrease of 2.23 points below the previous closing.
Results indicated that 78 equity transactions took place, with a volume of 3,043,984 shares worth BHD 2,647,823.
Investors traded mainly in the materials sector, representing 93.37 per cent of the total value of securities traded.
Meanwhile, most stock markets in the Gulf ended higher yesterday, as investors turned their attention to upcoming earnings despite lingering global trade and geopolitical concerns.
Saudi Arabia’s benchmark index gained 0.3pc, with petrochemical maker Saudi Basic Industries rising 2.5pc.
In Abu Dhabi, the index edged 0.1pc higher. Abu Dhabi sovereign wealth fund Mubadala is targeting opportunities in artificial intelligence and robotics, viewing the sectors as a major source of industrial growth and a guide for future investments, its group CEO said on Tuesday.
The Qatari index gave up early gains to finish flat. Qatari Prime Minister Shaikh Mohammed bin Abdulrahman Al Thani said on Tuesday Qatar intends to support local firms in competing internationally, indicating fresh measures in the country’s drive to diversify its economy beyond energy.
Outside the Gulf, Egypt’s blue-chip index gained 0.3pc, hitting a record high. Analysts have raised their estimates for Egypt’s economic growth to 4.9pc this fiscal year as reforms taken under an International Monetary Fund programme two years ago bear fruit faster than anticipated, a Reuters poll showed on Tuesday.
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