Bahrain market only GCC gainer on Wednesday

11 August 2010

The Bahrain All Share Index gained insignificantly and closed at 1,409.19 points. Shares of Ithmaar Bank surged 4.55% to $0.115. Bahrain based leading Islamic banking group, Al Baraka Banking Group (ABG) ended flat at $1.49. ABG reported that net income increased by 3% to reach $95m and total operating income by 2% to reach $307m in the first six months of 2010. The bank continued to expand carefully and launched operations in Syria with the establishment of Al Baraka Bank Syria. The capital of Al Baraka Bank Syria is Syrian pounds 5bn ($100m).

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