Bahrain market investors book profits, send gauge down one percent

11 March 2012

After gaining for four trading sessions straight last week, the Manama-based Bahrain All Share Index ended 0.95% lower at 1,150.06 points Sunday. While Bahrain Telecom or Batelco added another 0.50%, Aluminium Bahrain dived 6.35%. Al Islamic financial institution Salam Bank plummeted 10%. According to statistics compiled by National Bank of Abu Dhabi (NABD, retail bank asset growth in the kingdom is still negative, and Bahrain's consolidated banking sector assets in December $191.1bn, down 11.3% year-on-year, and off 1.6% month-on-months.

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