Latest news with #BahrainAllShareIndex
Bahrain News Gazette
05-05-2025
- Business
- Bahrain News Gazette
Bahrain All Share and Islamic Indices Record Decline
Manama: Bahrain All Share Index has ended the trading session at 1,912.06 points, experiencing a decline of 0.14 points from its prior closing level. This reduction is attributed to a downturn in the material sector. According to Bahrain News Agency, the Bahrain Islamic Index also saw a decrease, closing at 808.22 points, which is 0.76 points lower than its previous closing. The trading session witnessed 98 equity transactions with a total volume of 2,466,188, amounting to BD 1,143,565 in value. Investor activity was predominantly focused on the non-Bahraini companies sector, which accounted for 58.31% of the total value of securities traded during the session.
Bahrain News Gazette
30-04-2025
- Business
- Bahrain News Gazette
Bahrain Stock Indices Rise Amid Sector Gains
Manama: Bahrain's stock market indices saw an uptick as the Bahrain All Share Index closed at 1,902.67 points, reflecting an increase of 10.40 points from its previous closing. This rise was attributed to positive performances in the communication services, financial, materials, and real estate sectors. According to Bahrain News Agency, the Bahrain Islamic Index also experienced growth, closing at 802.11 points with an increase of 4.13 points. The trading session saw 100 equity transactions, involving a volume of 1,924,212 shares valued at BD 631,029. Investors showed a significant preference for the financial sector, which accounted for 71.32% of the total value of securities traded during the session.
Bahrain News Gazette
22-04-2025
- Business
- Bahrain News Gazette
Bahrain All Share Index Records Decline Amid Sectoral Losses
Manama: Bahrain All Share Index has closed at 1,895.11 points, marking a decrease of 8.12 points below the previous closing. This decline is attributed to a downturn in the communication services sector, the consumer discretionary sector, the financial sector, and the material sector. According to Bahrain News Agency, the Bahrain Islamic Index showed a contrasting trend, closing at 798.44 points with an increase of 5.22 points above the previous closing. The trading session saw a total of 75 equity transactions, recording a trading volume of 2,084,232 shares valued at BD 366,925. Investors focused their trading activities primarily in the Financials Sector, which accounted for 37.75% of the total value of securities traded.
Bahrain News Gazette
08-04-2025
- Business
- Bahrain News Gazette
Bahrain Stock Markets See Decline in Key Indices
Manama: Bahrain All Share Index has closed at 1,896.96 points, marking a decrease of 22.15 points below the previous closing. This decrease was due to a drop in the communication service sector, the consumer discretionary sector, the financial sector, the material sector, and the real estate sector. According to Bahrain News Agency, the Bahrain Islamic Index has closed at 772.08 points, marking a decrease of 9.39 points below the previous closing. Results indicated that 138 equity transactions took place with a volume of 1,456,446, worth BD 474,113. Investors traded mainly in the financial sector, representing 45.32% of the total value of securities traded.
Arab News
06-04-2025
- Business
- Arab News
Markets in freefall: Gulf bourses hit hard by US tariffs
RIYADH: Gulf bourses experienced a downturn on Sunday as fresh US tariffs dampened investor confidence across the region, leading to widespread sell-offs in line with last week's global market slump. Saudi Arabia's benchmark Tadawul All Share Index dropped by 5.06 percent at the open, marking its sharpest single-day decline in months. Qatar's QE Index saw a decline of 4.13 percent, while Kuwait's Premier Market Index slipped by 0.36 percent. Other regional markets also felt the pressure. Muscat's MSX 30 Index dipped by 0.17 percent, and the Bahrain All Share Index fell by 0.56 percent as investors weighed the impact of escalating trade tensions and a decline in oil prices. This followed the announcement by US President Donald Trump of a 10 percent reciprocal tariff on Gulf imports. Although UAE markets were closed on Sunday, the Abu Dhabi Securities Exchange ended the previous week with a 1.9 percent loss on Friday. Similarly, Dubai's DFM General Index closed 1.5 percent lower on April 4, indicating that further declines could occur when trading resumes on Monday. In Egypt, trading was temporarily halted in several stocks on Sunday for 10 minutes after having dropped by 5 and 10 percent, in line with market regulations designed to prevent excessive volatility. Tariff turmoil rattles markets The White House confirmed on April 2 that a 10 percent tariff on Gulf Cooperation Council imports, effective April 5, was imposed to address what President Trump described as 'long-standing unfair trade practices.' Although the Gulf states were spared from more severe penalties—41 percent for Syria and 39 percent for Iraq—the move has raised concerns about rising import costs for US-sourced goods, particularly in sectors like construction and electronics. 'These tariffs will remain in effect until such a time as President Trump determines that the threat posed by the trade deficit and underlying nonreciprocal treatment is satisfied, resolved, or mitigated,' the White House said in a statement on April 2. Banking sector hit hardest Gulf banking stocks were hit hardest amid growing fears of a potential US economic slowdown. The sell-off mirrored the steep losses seen on Wall Street on April 4, where the S&P 500 plummeted 9.58 percent, wiping out $5 trillion in market value and marking one of its worst declines in 70 years, according to Reuters. The Nasdaq Composite Index also dropped by 5.8 percent on Friday, losing 962.8 points and officially entering bear market territory, driven by mounting global economic concerns. Oil prices add to the pressure Although the White House confirmed that oil and gas imports would be exempt from the new tariffs, Saudi oil giant Aramco still experienced a dip in market value during Sunday's trading session. Its shares fell more than 4 percent, largely due to the sharp drop in oil prices. For the GCC, the White House's exemption is significant, as oil and gas constitute over 60 percent of Saudi Arabia's exports to the US and remain a vital part of Gulf-US trade relations. Oil prices plunged 7 percent on Friday, hitting a three-year low, after China retaliated in the escalating trade war by imposing 34 percent tariffs on all American goods, effective April 10. This move, coinciding with global preparations for countermeasures against Trump's tariffs—the highest in over a century—sent shockwaves through markets, with investors increasingly factoring in recession risks. JP Morgan raised its forecast for a US and global recession to 60 percent, up from 40 percent, warning that escalating tariff tensions are undermining business confidence and threatening to derail global growth. S&P Global also adjusted its 'subjective' odds of a US recession, raising them to 30-35 percent, up from 25 percent in March. Goldman Sachs had already revised its US recession risk to 35 percent from 20 percent ahead of the April 2 tariff announcement, citing weakening economic fundamentals. HSBC noted on Thursday that the recession narrative is likely to strengthen, although markets have already factored in some of the risks.
