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Manama market rises to three-week high

The Bahrain All-Share Index rose by 0.50 per cent to close at 1,407. 06 points on Thursday, December 25. Islamic bank Al Salam Bank Bahrain jumped 9.32 per cent to hit BD0.129.

Arab Banking Corporation or ABC finished flat at $0.68.

ABC Bank said earlier in the day it confirms a media report in the local Bahraini media that it contributed to an earlier in the week announced five-year syndicated $150 million loan to India’s Jet Airways which is backed by Abu Dhabi-based state-owned carrier Etihad Airways.

Gérard Al-Fil