The Bahrain Stock Exchange (BSE) index for April closed at 1,797.04 points, marking an increase of 35.55 points above last month’s closing index. Results indicated that 1360 transactions took place with a volume of 40,207,584 shares worth 9,392,409 Bahraini dinars, according to the BSE monthly report.
Out of 42 companies listed on the stock exchange, 27 were active, with a percentage of 64 percent decided on five companies in the Commercial Bank Sector, four companies in the Investment Sector, four in the Insurance Sector, eight in the Service Sector, two in the Industrial Sector, three in the Hotel and Tourism Sector, one in the Non–Bahraini Company Sector.
A total of 14 companies posted an increase in share prices, 10 companies suffered a decrease in share prices, with the rest of the companies’ prices remaining stable. The Commercial Bank Sector, Service Sector and the Investment Sector were registered as the most of the month’s activities.
In the Commercial Bank Sector, the value of shares traded totaled BD4.622 million or 49 percent of the total value of shares traded in April. The volume of shares traded reached 28,391,071 constituting 70 percent of the volume of shares traded. The actual number of transactions performed by investors in this sector totaled 455 or 33 percent of the total number of shares traded.
In the Service Sector, the value of shares traded totaled BD 3.126 million or 33 percent of the total value of shares traded in April. The volume of shares traded reached 5,732,592 constituting 14 percent of the volume of shares traded. The actual number of transactions performed by investors in this sector totaled 528 representing 39 percent of the total number of shares traded.
In the Investment Sector, the value of shares traded totaled BD 1.105 million representing 12 percent of the total value of shares traded in April. The volume of shares traded reached 4,044,711 or 10 percent of the volume of shares traded. The actual number of transactions performed by investors in this sector totaled 211 or 16 percent of the total number of shares traded.
Ahli United Bank, Bahrain Telecommunication Company, Bahrain & Kuwait Bank emerged as the most active companies for April. Ahli United Bank topped the market with a total value in traded shares of BD 2.92 million representing 31 percent of the total quantity of shares traded. The volume of shares traded reached 24,219,059 or 60 percent of total quantity of shares traded.
Bahrain Telecommunication Company total value in shares traded reached BD1.927 million representing 21 percent of the total quantity of shares traded. The volume of shares traded closed at 3,298,619 or eight percent of the total volume of shares traded.
Bahrain & Kuwait Bank followed with a total value of BD1.048 million in shares traded, or 11 percent out of the total value of shares traded. The volume of shares traded reached 2,605,406 representing six percent of the total volume of shares traded.
Based on 22 trading days, the approximate daily average value of trade in shares totaled BD426,928. The daily average volume of trade in shares reached 1,827,617 with a daily average of 62 transactions.
BSE was established in 1987. Starting off with 29 listed companies in 1989; this figure grew to 41 in 2000 and included the first non-GCC company to list in the region. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
