Bahrain All Share Index closed at 1,938.76 points yesterday, marking an increase of 14.21 points above the previous closing.
This increase was due to a rise in the financials sector and the materials sector.
Bahrain lslamic Index has closed at 961.84 points, marking an increase of 14.30 points above the previous closing.
Results indicated that 105 equity transactions took place with a volume of 2,278,921 worth BD532,453.
Investors traded mainly in the financial sector, representing 51.71 per cent of the total value of securities traded.
Meanwhile, most Gulf equity markets ended higher yesterday, as hopes for a deal to end the Iran war lifted sentiment, with investors also watching rising US pressure on Tehran ahead of further talks.
Dubai’s main share index advanced 1.1pc, led by a 2.6pc rise in blue-chip developer Emaar Properties and a 4.1pc jump in budget airline Air Arabia. Optimism over a potential resolution has lifted sentiment, but markets remain sensitive to geopolitical headlines, tempering a broader risk-on shift, said Hani Abuagla, senior market analyst at XTB Mena.
Strong domestic fundamentals in the UAE may support a return towards earlier highs, while further diplomatic progress could add momentum. “However, ongoing disruptions in the Strait of Hormuz remain a key overhang, potentially capping near-term upside.”
Saudi Arabia’s benchmark index lost 0.3pc, with Saudi National Bank - the country’s biggest lender by assets - down 3.2pc. However, the index is up 1.9pc for the week, its seventh straight weekly gain, outperforming regional rivals on higher oil prices and the kingdom’s ability to reroute exports.
The Qatari index eased 0.2pc, hit by a 1.4pc fall in Qatar Islamic Bank. Qatar - the world’s second-largest LNG exporter - may extend its force majeure on gas supplies beyond mid-June, Italian importer Edison said, though it expects lost volumes to be replaced by US.
LNG rather than Russian gas. QatarEnergy cancelled 10 cargoes for Edison between April and mid-June after the war disrupted supplies. Iran’s attacks knocked out 17pc of QatarEnergy’s LNG export capacity last month, its CEO said.
Outside the Gulf, Egypt’s blue-chip index rose 1.4pc.
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