Gulf Finance House recovery continues

24 June 2010

The Bahrain All Share Index dipped 0.15% and ended on Thursday at 1,411.09 points. Islamic bank Gulf Finance House jumped 7.41%, closing at $0.145. Ahli United Bank finished at $0.620 (down 1.59%). The bank said it has received the Iraq Stock Exchange's approval to purchase 6.6bn shares of Commercial Bank of Iraq (CBI) traded shares in the Iraqi stock market. AUB recently received the Central Bank of Iraq's approval to increase its stake in Commercial Bank of Iraq (CBI) to 75% from 49%. On a year-to-date basis AUB has been outperforming the Bahrain Stock Exchange significantly.

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