Bahrain Bourse hits 4-month high amid U. S. back-winds, rising oil prices

October 20, 2013 6:05 pm

The Manama-based Bahrain All-Share Index closed 0.80% higher at 1,203.77 points on Sunday. Tailwinds from the U. S., where president Obama and the GOP found a compromise on raising the debt ceiling above 16.7 trillion dollars until Jan. 2014 helped the gauge to close at the highest level since June 18 this year. National Bank of Bahrain or NBB closed 8.53% higher at BD0.70. Islamic financial institution Al-Salam Bank lost the most, ending down 2% at BD0.098.

By Richard Green