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Bahrain All-Share Index hits 3-month low

The sell-out continued at GCC markets on Thursday and sent the Bahrain Bourse in Manama down by 0.35% to 1,180.77 points, the lowest level since June this year. Islamic bank Gulf Finance House (GFH) plummeted 8% to hit $0.115. Yesterday, GFH said Capital Intelligence's decision to assign its with long- and short-term rating with BB- and B, respectively, reflected "a significant reduction in leverage as a result of debt repayment and increases in equity."