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Bahrain banks boost bourse
- Bahrain: Wednesday, February 20 - 2013 at 14:56
The Bahrain All-Share Index hit a 7-month high Wednesday as the gauge ended 0.72% higher at 1,103.05 points. Ahli United Bank jumped 4% to reach $0.65. Islamic bank Al Salam Bank Bahrain surged 2.33%, finishing at BD0.88. Its rival Al Baraka Banking Group could not follow the trend and ended down 0.68% to $0.73. Earlier in the day, Baraka said its net income in 2012 increased 11% year-on-year to reach $235m. Assets grew by 11% alike to hit $19bn.
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Gérard Al-Fil, Financial JournalistWednesday, February 20 - 2013 at 14:56 UAE local time (GMT+4)
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