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.
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