The Bahrain Stock Exchange (BSE) index for May closed at 1,867.22 points, marking an increase of 70.18 points above last month’s closing index. Results indicated that 1,385 transactions took place with a volume of 31,757,058 shares worth 8.94 million Bahraini dinars ($23.72 million), 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, five companies in the Investment Sector, four in the Insurance Sector, seven in the Service Sector, two in the Industrial Sector, three in the Hotel and Tourism Sector, one in the Non–Bahraini Comapnies Sector.
A total of 17 companies posted an increase in share prices, six companies suffered a decrease in share prices, with the rest of the companies’ prices remaining stable. The Sector Service, Commercial Bank Sector and the Investment Sector were registered as the most of the month’s activities.
In the Service Sector, the value of shares traded totaled BD3.307 million or 37 percent of the total value of shares traded in May. The volume of shares traded reached 5,986,290 constituting 19 percent of the volume of shares traded. The actual number of transactions performed by investors in this sector totaled 638 or 46 percent of the total number of shares traded.
In the Commercial Bank Sector, the value of shares traded totaled BD3.178 million or 36 percent of the total value of shares traded in May. The volume of shares traded reached 18,141,246 constituting 57 percent of the volume of shares traded. The actual number of transactions performed by investors in this sector totaled 405 representing 29 percent of the total number of shares traded.
In the Investment Sector, the value of shares traded totaled BD1.665 percent representing 19 percent of the total value of shares traded in May. The volume of shares traded reached 4,955,692 or 16 percent of the volume of shares traded. The actual number of transactions performed by investors in this sector totaled 139 or 10 percent of the total number of shares traded.
Bahrain Telecommunication Company, Ahli United Bank, Taib Bank emerged as the most active companies for April. Bahrain Telecommunication Company topped the market with a total value in traded shares of BD2.122 million representing 24 percent of the total quantity of shares traded. The volume of shares traded reached 3,667,702 or 12 percent of total quantity of shares traded.
Ahli United Bank total value in shares traded reached BD1.861 million representing 21 percent of the total quantity of shares traded. The volume of shares traded closed at 15,291,695 or 48 percent of the total volume of shares traded.
Taib Bank followed with a total value of BD932,460 in shares traded, or 10 percent out of the total value of shares traded. The volume of shares traded reached 3,297,660 representing 10 percent of the total volume of shares traded.
Based on 19 trading days, the approximate daily average value of trade in shares totaled BD470,753. The daily average volume of trade in shares reached 1,671,424 with a daily average of 73 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)
