The Bahrain Bourse (BHB) closed trading yesterday with both key indices posting modest gains, driven by heavy trading volume in the financial sector.
The Bahrain All Share Index closed at 1,950.72, marking an increase of 2.55 points (0.13 per cent) from its previous close. Similarly, the Bahrain Islamic Index rose by 4.19 points (0.46pc), settling at 916.98.
Investors traded 2,588,060 shares for a total value of BD555,948 through 83 transactions.
The trading activity was heavily concentrated on the financial sector, which accounted for 76.79pc of the total traded value, reaching BD426,906. This activity involved 2,340,367 share trades executed via 56 transactions.
GFH Financial Group (GFH) dominated trading value for the day, accounting for 62.28pc of the total value with shares worth BD346,263.19. This value was generated by the trading of 1,929,000 shares across 20 transactions.
The second most traded company by value was Beyon, which contributed 12.73pc to the total, with shares valued at BD70,758.24.
A total of 145,291 Beyon shares were traded through 15 transactions.
Al Salam Bank was the third-most active company, with shares valued at BD63,485.90 changing hands, representing 11.42pc of the total value. A volume of 294,044 shares was traded in 20 transactions.
The top three companies collectively accounted for more than 86pc of the total trading value.
Most stock markets in the Gulf ended slightly higher, as the US government shutdown raised concerns about the delay in the release of crucial jobs data, clouding future interest rate trends.
Oil prices – a catalyst for the Gulf’s financial markets – steadied after falling for two days as investors weighed Opec+ plans for a larger output hike next month, while data from the US and Asia showed signs of demand waning.
Dubai’s benchmark DFM General Index rose 0.5pc, buoyed by gains in key stocks.
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