Bank shares lift Bahrain Bourse
- Bahrain: Thursday, February 14 - 2013 at 15:00
The Bahrain All-Share Index rose 0.68% to hit 1,091.26 points Thursday. National Bank of Bahrain or NBB (up 3.45%) and Al Salam Bank Bahrain (3.53% higher) were the most actively traded share. The Islamic Bank announced last Wednesday the successful exit of its "circa £38m (Dhs216.5m) Shari'ah compliant mezzanine facility extended to the refinancing of 5 Canada Square, a landmark commercial Property located in the heart of Canary Wharf, the financial district of London. Al Salam Bahrain also launched mobile banking services earlier in the week. The share gained 120% in value in the last 12 months. Aluminum Bahrain, known as Alba, ended unchanged at BD0.45. Earlier in the day, Alba said it generated a net profit of $257m in 2012, representing a 54% drop year-on-year "driven by lower LME prices and higher energy costs", said Alba.
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