Bahrain’s Ithmaar Bank swings back to profits
The Bahrain All-Share Index finished Sunday, August 17, flat at 1,476.80 points. Ithmaar Bank closed unchanged, too. Earlier on Saturday, the Islamic financial institution said it earned in the first six months, up from a loss of $7.5m in the same period last year. In the second quarter, Ithmaar, which has operations in its home market Bahrain and through subsidiaries in Switzerland, Pakistan and China, scored a net loss of $338,000, up from a net loss of $8.947m in Q2 2013.