bahrain-manama

Bahrain Bourse stabilises

: Thursday, September 04 - 2014 @ 17:10

The Bahrain All-Share Index advanced by 0.10 per cent to reach 1,471.88 points on Thursday, September 4.

Delmon Poltry Company surged 7.70 per cent to BD0.28.

Islamic bank Ithmaar dived 3.03 per cent to $0.16.

Earlier in the day, Arjuna Mahendran, the chief investment officer at Emirates NBD wealth management said “we expect strong demand from global Islamic debt funds for the limited Sukuk supply (…)  Next month issuers include: Kingdom of Bahrain, Burgan Bank (Kuwait), Republic of South Africa (Sukuk), Government of Hong Kong (Sukuk), ICBC (Industrial and Commercial Bank of China).”

Mahendran added: “these instruments are higher yielding than developed market government bonds and offer relative safety being asset-backed.”

 

Gérard Al-Fil

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Thursday, September 4- 2014 @ 17:10 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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