The Bahrain market index closed 0.31% up at 1,469.99 as Bahrain Telecom (Batelco) surged 2.91% to finish at BD0.53. Batelco Group Chief Executive Peter Kaliaropoulos will resume the lead role for Batelco's Bahrain operation as Mr. Gert Rieder, who joined Batelco Bahrain in April 2009 has resigned due to personal reasons. Batelco serves both the corporate and consumer markets in the most liberalised and competitive environment in the Middle East Africa region. It delivers cutting-edge fixed and wireless telecommunications services to its customers in Bahrain, Kuwait, Saudi Arabia, Jordan, Yemen, Egypt and India.