Banks, services push Bahrain bourse back to red zone

Mubasher: The Bahrain Bourse ended Sunday’s trading session in the red zone, dragged by the bearish performance of the banking and services sectors.

The benchmark inched down 0.69 points or 0.06% to 1,171.8 points. Meanwhile, Bahrain Islamic Index rose 0.49% to 773.25 points.

Market capitalisation declined to BHD6.950 billion ($18.56 billion) from BHD6.955 billion ($18.57 billion)

Trading volume declined to 728,120 shares from 1.96 million shares exchanged on Thursday, while trading value dropped to BHD159,620 from BHD3.67 million.   

The services sector was the worst decliner with a drop of 0.27%, weakened by Bahrain Car Park and Nass Corporation that fell by 8.3% and 6.78% respectively.

The commercial bank sector came second with a decline of 0.04% as National Bank of Bahrain and Al Salam Bank Bahrain dipped by 1.45% and 1.05% correspondingly. Yet, Ithmaar Bank closed the session 10% higher.  

Meanwhile, Bank of Bahrain and Kuwait, Al Baraka Banking Group, GFH Group and Seef Properties stayed unchanged. 

Mubasher Contribution Time: 21-Feb-2016 10:49 (GMT)