Bahrain bourse drops after V-shaped recovery
The Manama-based Bahrain All-Share Index ended down 0.10 per cent at 1,379.12 points on Monday, April 14. Bahrain Middle East Bank (BMEB) closed flat at BD0.056. Earlier in the day, the lender said in a filing to the market it has formally requested Fitch Ratings to withdraw its credit rating. BMEB said its board does not believe that a credit rating is appropriate for a bank of BMEB’s size and accordingly has requested the rating to be withdrawn.