Bahrain market flirts with 1,500 points, ARIG reports results | Bahrain market flirts with 1,500 points, ARIG reports results -
AME Bahrain market

Bahrain market flirts with 1,500 points, ARIG reports results

: Thursday, August 07 - 2014 @ 17:19

Following the dull trading period in July, the Bahrain All-Share Index climbed constantly in the first week of August and closed on Thursday, Aug. 7, 0.54 per cent higher at 1,494.03 points.

Arab Insurance or ARIG closed even at BD0.55. Earlier in the day, ARIG said its net income in the half-year reached $ 4.7m up from $ 5.2m in the same period last year. Claims from the Indian sub-continent and Re-Takaful interest pushed up the Group’s combined ratio by 4.8 points to 90.8 per cent, lowering underwriting returns to $0.5 million (six months 2013: $4.2m).

Ahli United Bank advanced by 2.50 per cent to hit $0.83.

Gérard Al-Fil

 

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Thursday, August 7- 2014 @ 17:19 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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