Batelco bucks Bahrain bourse decline

16 June 2010

Manama's Bahrain Stock Exchange (BSE) failed to benefit from the bullish mood at global exchanges. The Bahrain All Share Index lost 0.11%, finishing at 1,390.81 points. Investors continued to sell financial shares. Ithmaar bank plummeted four percent and closed at $0.12. Bahrain Telecom (Batelco) bucked the trend, ending 0.90% higher atBD0.56. The telecom provider is currently upgrading its internet networking equipment. The overhaul of the network is to take place in various locations across Bahrain between the 17th and 28th of June.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.