Most Gulf markets ended lower yesterday, as reciprocal strikes by the US and Iran in recent days kept investors on edge.
Bahrain All Share Index closed at 2,040.07 points, marking a decrease of 1.53 points below the previous closing.
Bahrain Islamic Index has closed at 968.49 points, marking a decrease of 9.04 points below the previous closing.
Results indicated that 86 equity transactions took place with a volume of 928,152 worth BD 400,825.
Investors traded mainly in the Material Sector, representing 60.95 per cent of the total value of securities traded.
Saudi Arabia’s benchmark index dropped 1.1pc, with most of its constituents posting losses. The country’s biggest lender Saudi National Bank fell 2.2pc after its intention to redeem its $1.25 billion additional tier 1 sukuk. Among other losers, oil giant Saudi Aramco slipped 1.8pc a day after it snapped an eight-session losing streak.
Dubai’s main share index eased 0.4pc, with top lender Emirates NBD losing 1.1pc and budget airline Air Arabia down 1.1pc. In Abu Dhabi, the index was down 0.4pc, hit by a 1.1pc drop in Abu Dhabi Islamic Bank and a 1.7pc decline in the UAE’s largest lender First Abu Dhabi Bank.
The Qatari index fell 0.4pc, with energy and real estate stocks leading the losses. Qatar Gas Transport fell 2.3pc and Industries Qatar slipped 0.8pc.