Bahrain All Share Index yesterday closed at 2,048.17 points, marking a decrease of 4.03 points below the previous closing.
This decrease was due to a drop in the communications services sector and the financials sector.
Bahrain Islamic Index closed at 1,022.70 points, marking an increase of 1.24 points above the previous closing.
Results indicated that 73 equity transactions took place with a volume of 1,673,329 worth BD624,481.
Investors traded mainly in the financials sector, representing 86.86 per cent of the total value of securities traded.
Most Gulf stock markets ended lower yesterday as investors grew cautious amid the possibility of rising regional tensions. The uncertainty dampened sentiment, leading some traders to pare back risk and reduce exposure to equities.
Iran is seeking a nuclear deal with the US that would bring economic gains to both countries, an Iranian diplomat was reported to have said yesterday, just days ahead of a second round of talks between Tehran and Washington.
Saudi Arabia’s benchmark index lost 0.2pc, hit by a 0.5pc fall in Al Rajhi Bank and a 0.9pc decline in oil giant Saudi Aramco.
Gulf markets continue to look resilient, with the capacity for sustained growth. However, concerns regarding a regional conflict involving Iran, the US and Israel currently dominate the landscape, said Samer Hasn, Senior Market Analyst at XS.com.
In Qatar, the index dropped 0.4pc, with Qatar Islamic Bank losing 1.1pc.
Outside the Gulf, Egypt’s blue-chip index advanced 3.6pc, closing at an all-time high.
Read more:
An exceptional year for Al Salam Bank
Nass and High Seas Marine forge strategic partnership
SICO wins three top honours at FT Asset Management Awards
&uuid=(email))