By: Enas Bahgat
Mubasher: The main index of the Bahrain Bourse closed in the red zone after losing 3.39% to reach 1,310.04 points in the second quarter, against 1,355.99 points in Q1-17.
Quarter-on-quarter, the Bahrain Bourse slid 45.95 points, according to data compiled by Mubasher.
Market capitalisation tumbled 2.1%, shedding BHD 17 million, reaching BHD 7.91 billion in Q2-17, against BHD 8.08 billion in the previous quarter.
The banks sector levelled down 3.37% as Ahli United Bank – Bahrain (AUB) and Ithmaar Holding retreated 4.17% and 9.38%, respectively.
The investment sector decreased 8.27% after GFH Financial Group slid 16.31%, while the services sector went down 2.26% as Bahrain Telecommunications (Batelco) fell 9.7%.
Bahrain Bourse surges 89.59 pts in H1
In the first six months of 2017, the Bahrain Bourse’s main index increased 7.34%, gaining 89.59 points, according to data compiled by Mubasher.
Market capitalisation grew 9.1% by the end of the six-month period ended June, reaching BHD 7.91 billion, against BHD 7.25 billion by the end of 2016.
The industrial sector surged 40.74% as Aluminum Bahrain (Alba) soared 42.5%, while the banks sector went up 8.86% after Khaleeji Commercial Bank, AUB, and Ithmaar Holding grew 26.4%, 19%, and 16%, respectively.
MoM trading
The Bahraini bourse’s benchmark index decreased 0.7% or 9.71 points in June.
Meanwhile, market capitalisation shed 0.88% or BHD 7 million to BHD 7.91 million from BHD 7.98 million in May.
Translated by: Mohamed Hesham Azab
