Bahrain All Share Index closed at 2,059.92 points yesterday, marking a decrease of 0.17 points below the previous closing.
This decrease was due to the drop in the financial sector and the industrial sector.
Bahrain Islamic Index closed at 1,025.15 points, marking an increase of 1.37 points above the previous closing.
Results indicated that 73 equity transactions took place with a volume of 1,662,391 worth BD294,940.
Investors traded mainly in the financial sector, representing 64.90 per cent of the total value of securities traded.
Most Gulf stock markets closed higher yesterday following a positive early turn in the talks between the US and Iran over Tehran’s nuclear programme, while Egypt’s benchmark index finished at a fresh record high.
Saudi Arabia’s benchmark index finished 0.3pc higher, led by a 0.5pc rise in Al Rajhi Bank.
Elsewhere, Saudi Aramco Base Oil Company advanced 3.5pc, following an increase in second-half dividend.
Milad Azar, an analyst at XTB MENA, said market sentiment was strengthened by the diplomatic meeting, which eased previous geopolitical pressures on regional indices.
“The market appears poised to continue its upward trajectory, supported by solid non-oil economic fundamentals and growth projections for the year, while investors await further fourth-quarter earnings releases from major heavyweights like Aramco,” he said.
The Qatari index was up 0.5pc, with petrochemical maker Industries Qatar rising 1.1pc. Egypt’s blue-chip index rose for the fourth consecutive session to finish 0.6pc higher, closing at its highest ever.
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