Financials lead Bahrain bourse rally | Financials lead Bahrain bourse rally -

Financials lead Bahrain bourse rally

: Monday, May 05 - 2014 @ 18:33

The Bahrain All-Share Index closed 1.11 per cent higher at 1,455.50 points on Monday, May 5. Insurance giant ARIG gained 10 per cent to hit $0.495. Arab Banking Corporation jumped by 6.94 per cent to $0.77. Ahli United Bank (AUB) finished even at $0.80. AUB revealed that, in the first quarter of 2014, its net income amounted to $136.6 million, down from $309.8m in the corresponding period last year. Last year’s first-quarter return, however, included an exceptional non-recurring gain of 212.9m on the sale of its 29.4 per cent stake in its Qatari affiliate.

Gérard Al-Fil

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Monday, May 5- 2014 @ 18:33 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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