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Bahrain market knocks at 1,100 points
- Bahrain: Wednesday, February 27 - 2013 at 16:33
The Manama-based Bahrain All-Share Index finished 0.11% higher at 1.097.26 points Wednesday. Gulf Finance House surged 8% to reach $0.135. Arig Insurance Group fell 2.70% to $0.36. Al Salam Bank Bahrain ended off 2.38% at BD0.082. Earlier in the day, Al Salam Bank said it recently distributed first quarterly returns to its investors who participated in the restricted wakala investment. The restricted wakala investment relates to sale and leaseback of a new Boeing 777-300ER to Emirates in Nov. 2012. The quarterly returns translate into an annual net cash yield of 9%.
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Gérard Al-Fil, Financial JournalistWednesday, February 27 - 2013 at 16:33 UAE local time (GMT+4)
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