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Bahrain Bourse rebounds on banks
- Bahrain: Thursday, April 25 - 2013 at 18:43
The Manama-based Bahrain All-Share Index closed 1.05% to reach 1,097.43 Thursday. Islamic bank Gulf Finance House posted the biggest increase (3.85% higher). Ahli United Bank, known as AUB, ended up 3.33%, after the lender said Wednesday it earned in the first quarter a net profit of $96.6m, up 12.% year-on-year. AUB said in an e-mailed statement, the key driver to these results was the increase in the operating income of the Group from $214.5m to $224.2m (up 4.5% y-o-y), along with the rise in net interest income by 11.0% to $167.4m (Q1/2012: $150.8m)."
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Gérard Al-Fil, Financial JournalistThursday, April 25 - 2013 at 18:43 UAE local time (GMT+4)
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