Bahrain Bourse Dips, Batelco Rebounds

By Yomna Yasser On May 7, 2012

The Manama-based Bahrain All-Share Index dipped insignificantly Monday, closing at 1,161.43 points.

Gulf Hotels Group lost the most, closing down 9.72% at BD0.65 ($1.73). Islamic financial institution Ithmaar Bank posed the largest advance (up nine percent at $0.24).

Bahrain Telecom or Batelco added 1.30% to reach BD0.468 ($1.24). Batelco reached a 11-month high two weeks ago when it climbed to BD0.486 ($1.29), but retreated thereafter on profit booking.

Year-to-date the Bahrain gauge added 1.55%, AMEinfo reported.