Bahraini equities maintain 3-day rally, helped by banks

August 10, 2015 12:34 PM

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Bahraini equities maintain 3-day rally, helped by banks

Mubasher: Bahrain’s stock market extended its upward trend for the third straight day, rising 0.03% or 0.33 point to close Monday at the 1,333 level.

The banking sector was the sole advancer, rising 0.18%, boosted by Ithmar and National Bank of Bahrain which climbed 3.57% and 0.75%, respectively.

TRAFCO was the best performer of the day, climbing 3.7%. However, it failed to support the services sector which declined by 0.16%.

TRAFCO posted BHD 1.295 million ($3.43 million) in net earnings during the first six months of 2015, jumping 31.3% compared with BHD 986,359 ($2.6 million) in the same period a year ago.

The industrial sector led decliners, dropping 0.4%, pressured by Alba which fell 0.41%.

Trading volume increased from 529,840 shares to 752,000 shares, while traded value declined from BHD 186,700 ($495,500) to BHD 138,400 ($367,300).

The market capitalisation increased from BHD 7.861 billion ($20.864 billion) to BHD 7.863 billion ($20.87 billion).


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