Bahrain All Share Index closed at 1,950.69 points yesterday, marking a decrease of 23.60 points below the previous closing.
This decrease was due to a drop in the communications services sector, the financials sector, the materials sector and the real estate sector.
Bahrain lslamic Index has closed at 942.82 points, marking a decrease of 25.39 points below the previous closing.
Results indicated that 392 equity transactions took place with a volume of 4,358,577 worth BD1,241,576.
Investors traded mainly in the financials sector representing 68.19 per cent of the total value of securities traded.
Meanwhile, most stock markets in the Gulf ended lower yesterday after fresh attacks by Iran and the United States in the Gulf shook an already fragile truce.
After reported Iranian drone and missile attacks across the UAE, including one that sparked a fire at the key oil port of Fujairah, the UAE said the strikes marked a serious escalation and that it reserved the right to respond.
Dubai’s main share index dropped 0.9pc, dragged by a 3.6pc slide in budget airline Air Arabia and a 5pc plunge in Mashreqbank.
In Abu Dhabi, the benchmark index declined 0.3pc, with Aldar Properties losing 0.3pc.
Meanwhile, the UAE’s non-oil private sector expanded at its slowest pace since February 2021 in April as the Iran war hammered shipping and tourism, hitting sales and exports alike, a survey showed yesterday.
Saudi Arabia’s benchmark index lost 0.8pc, with Al Rajhi Bank falling 1pc and Saudi Arabian Mining Company declining 1.4pc.
The GCC remained under pressure as investors stayed cautious following the rise in regional tensions a day earlier. Markets are likely to remain sensitive to geopolitical headlines and developments on the ground, said Milad Azar, market analyst at XTB Mena.
“Concerns about the sustainability of the current ceasefire and the resurgence of incidents could keep markets on edge,” said Azar.
Brent crude futures eased $1.38, or 1.2pc, to $113.06 a barrel at 1108 GMT after settling up 5.8pc on Monday. The Qatari index was down 0.6pc, with Qatar Islamic Bank falling 1.1pc.
Outside the Gulf Egypt’s blue-chip index advanced 1.1pc, with Commercial International Bank gaining 2.3pc.
Egypt has raised natural gas prices for several energy-intensive industries starting May, according to a prime ministerial decree published on Sunday.
&uuid=(email))