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Al Baraka Bank surges 10%
- Bahrain: Tuesday, September 01 - 2009 at 19:09
In Manama, the Bahrain All Share Index closed 0.63% higher at 1,526.61 points. The Bahraini gauge index has been regaining territory step by step since the beginning of August, after it fell through a key support level at 1,580.00 points. Shares of Islamic bank Al Baraka Banking Group (BBK) gained 10%, closing at $1.54. Al Baraka hit an all time low at $1.16 on July 15 2009. Al Baraka's rival Gulf Finance House lost 3.88% today and closed at $0.62.
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Gérard Al-Fil, Financial JournalistTuesday, September 01 - 2009 at 19:09 UAE local time (GMT+4)
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This article was updated on Wed Sep 02 2009.
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