Bahrain Bourse rally halted by bank shares
- Bahrain: Tuesday, March 19 - 2013 at 16:15
The Bahrain All-Share Index ended one of its longest gaining streaks Tuesday, closed down 0.94% at 1,115.77. The 9-day rally was mainly halted by financials, National Bank of Bahrain or NBB dived 9.68% to BD0.56. Islamic Bank Al Baraka closed unchanged at $0.76. Earlier in the day Al Baraka said in a statement to the bourse the annual general meeting held here today approved the distribution of a cash dividend to the shareholders to US$35.5m (3.5 cents for each share). "The meeting also approved the proposed distribution of one bonus share for every 30 fully paid up shares to the shareholders registered as of the date of this meeting (amounting to $33.8m from the retained earnings after obtainment of the required official approvals.
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