Bahrain All Share Index closed at 2,068.35 points yesterday, marking an increase of 3.45 points above the previous closing.
This increase was due to a rise in the financial sector, the industrial sector and the consumer staple sector.
Bahrain Islamic Index closed at 1,030.80 points, marking an increase of 2.82 points above the previous closing.
Results indicated that 105 equity transactions took place with a volume of 2,303,435 worth BD714,536.
Investors traded mainly in the financial sector, representing 69.51pc of the total value of securities traded.
Most stock markets in the Gulf ended lower yesterday in response to Friday’s fall in oil prices amid thin holiday-season trading.
Oil prices – a catalyst for the Gulf’s financial markets – settled more than two per cent lower on Friday as investors weighed a looming global supply glut, while also keeping an eye on Ukraine peace deal talks yesterday between Ukrainian President Volodymyr Zelenskiy and US President Donald Trump.
Despite a rebound fuelled by recent supply issues from the December 16 near-five-year lows, oil is on pace for its biggest annual loss since 2020, with Brent crude down 19pc year-to-date as increased production sparks worries of an impending oversupply next year.
Saudi Arabia stocks were lower after the close, as losses in the media and publishing, hotels and tourism and energy and utilities sectors led shares lower.
At the close in Saudi Arabia, the Tadawul All Share declined 1.04pc.
The best performers of the session on the Tadawul All Share were flynas Company, which rose 5.08pc or 3.10 points to trade at 64.10 at the close. Meanwhile, Al Masane Al Kobra Mining Company added 4.76pc or 4 points to end at 88 and Saudi Industrial Export Company was up 4.76pc or 0.10 points to 2.20 in late trade.
Falling stocks outnumbered advancing ones on the Saudi Arabia Stock Exchange by 297 to 54 and 7 ended unchanged.
The Qatar Stock Exchange index closed lower by 37.95 points, or 0.35pc, to reach 10,763.270 points, with the Gulf’s biggest lender Qatar National Bank dropping 1.1pc.
During the session, a total of 68,768,164 shares were traded, with a value of 182,351,587.008 riyals, through 7,944 transactions across all sectors.
The session saw the shares of 25 companies rise, and those of 24 companies decline, while three companies maintained their previous closing price.
Outside the Gulf, Egypt’s blue-chip index gained 0.9pc, with Telecom Egypt rising 2.2pc.
Egypt’s central bank announced a 100 basis point cut to its overnight interest rates on Thursday, according to a statement from the monetary policy committee.
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