Mubasher: Bahrain Bourse general index dropped 0.75% in February, to continue its losses for the eighth successive month pressured by the industry index that lost 6.08% compared to the previous month.
Bahrain’s benchmark closed monthly trading at 1178.23 points, losing 8.87 points.
Bahrain Islamic Index also dipped by 0.69% or 5.28 points to 756.9 points.
Bahrain’s market saw volatile trading throughout the month amid low liquidity that affected the volume of trading said Jaafar Al Sayegh, economist, adding that equities performance was also weighed by fluctuation in oil prices and the downgrade of Bahrain’s credit rating and some of GCC states.
A total of 38.6 million shares were traded last month compared with 23.43 million traded by the end of January.
Trading value rose to BHD7.05 million, compared with BHD3.9 million in January.
The expert expects no change during next month, pointing out that there is no expectations for oil prices in the coming period.
All sectors indices declined except for insurance which settled at 1648.95 points.
Industry sector topped decliners during February, losing 6.08% or 34.56 points to reach the level of 533.87 points.
The banking index inched down by 0.59% or 16.25 points to 2341.31 points.
The services index fell to the level of 1299.82 points, losing 7.76 points or 0.59%.
Investment sector dipped by 0.41% or 2.6 points to 638.7 points.
Tourism index lost 5.61 points or 0.15% to reach 3697.84 points.
