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Gulf Hotel Group lose amid profit bookings

: Sunday, August 24 - 2014 @ 16:15

In Manama, the Bahrain All-Share Index advanced by 0.16 per cent to close at 1,485.24 points on Sunday, August 24.

The shares Gulf Hotel Group took a “cold shower” and dived five per cent to BHD0.855, amid profit bookings, closing the session as the top-losing stocks. Gulf Hotel Group gained more than 38 per cent year to date. According to STR Global, Bahrain hotels witnessed an 18.3 per cent year-on-year increase in occupancy in H1 2014.

Islamic bank Ithmaar jumped 6.25 per cent, finishing as the biggest gainer at $0.17.

Gérard Al-Fil

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Sunday, August 24- 2014 @ 16:15 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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