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Batelco shares rebound further while market index stagnates

The Manama-based Bahrain All-Share Index dipped insignificantly Monday, closing at 1,161.43 points. Gulf Hotels Group lost the most, closing down 9.72% at BD0.65. Islamic financial institution Ithmaar Bank posed the largest advance (up nine percent at $0.24). Bahrain Telecom or Batelco added 1.30% to reach BD0.468. Batelco reached a 11-month high two weeks ago when it climbed to BD0.486, but retreated thereafter on profit booking. Year-to-date the Bahrain gauge added 1.55%.