The general index of the Bahrain Stock Exchange, to decline by the close of trading session today, Tuesday, mid-week sessions, by 0.20%, losing 2.60 points to close at 1298.37 points, due to the pressure of the declining sectors of commercial banks, industry and services.
The trading volume on the Bahrain Stock Exchange, at the close of trading, reached 1.3 million shares, at a value of 215.2 thousand dirhams.
The 3 sectors of the Bahrain Stock Exchange, led by the commercial banks sector, declined by 11.99%, under the pressure of the shares of Bank of Bahrain and Kuwait by 1.92%, the National Bank of Bahrain by 0.81%, then the industrial sector decreased by 1.57%, due to pressures from the share of Bahrain Aluminum Company by 0.30%.
The services sector also fell 0.20%, under pressure from the decline of shares of Aluminum Bahrain by 0.30%, while the investment sector rose by 0.87%, driven by the rise of GFH Financial Group by 1.33%.
The shares of Al Salam Bank Bahrain, Bahrain Telecommunications Company rose 3.33%, 0.26%, respectively.
In a related context, Gulf Commercial Bank announced the granting of Moody's credit rating agency B3 to Gulf Commercial Bank with a change to a stable outlook.
Meanwhile, Seef Properties announced that a board meeting was held on Monday, May 4, in which the usual matters and the latest developments in the company’s business were discussed, and the latest developments on the impact of Covid-19 on the company's business.
It is noteworthy that the Bahrain Stock Exchange was officially shut down on Sunday, on the occasion of Labor Day for 2020.