Ithmaar Bank shares hit seven-week high

17 August 2010

The Manama-based BSE Index continued its step-by-step rally, ending on Tuesday 0.42% higher at 1,415.50 points. Islamic financial institution Ithmaar Bank surged to a seven-week high, closing eight percent higher at $0.135. Ithmaar reported Sunday a profit attributable to the shareholders' for the second consecutive quarter and announced year-to-date profits of $4.6m as compared to a loss of $47.6m during the same period in 2009.

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