Bahrain stock extends upturn; NBB trims gains

Mubasher: Bahrain’s indices closed Tuesday in green for the second day powered by Ahli United Bank and Al Salam Bank that offset the fall of NBB stock.

The benchmark index rose by 0.18% or 2.07 points to close at 1176.17 points.

Bahrain Islamic Index also inched up 0.31%, gaining 2.41 points to level 773.89 points.

Market capitalisation rose to BHD6.976 billion ($18.6 billion), compared to BHD6.964 billion ($18.59 billion).

Traded volume increased at the end of today’s session to 1.38 million shares with a trading value BHD328,700 compared to 959.6 million shares at BHD233.6 million on Monday.

The banks sector was the sole gainer, with a rise of 0.38%  to 2308.1 points backed by  the rise of AUB by 0.76% and Al Salam Bank by 3.19%. Meanwhile, Al Khaleeji and NBB fell by 1.45% and 0.73% respectivley.

The services index fell alone by 0.02% to 1310.92 points pressured by Bahrain Car Park that dropped by 1.82%.

Meanwhile, shares of Bahrain Duty Free, Al Baraka Banking Group, GFH Group, Alba, Batelco and Inovest remained unchanged.

Mubasher Contribution Time: 23-Feb-2016 11:14 (GMT)