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A marginal drop for the Bahrain Stock Exchange in Wednesday's session, under pressure from the banking and services sectors



The general index of the Bahrain Financial Market, at the conclusion of the trading session today, Wednesday, turned 0.10%, losing 1.48 points to close at 1462.56 points, and the trading volume reached 3.8 million shares, valued at 517.5 thousand Bahraini dinars, and the Bahrain Stock Exchange, the commercial banking sector, fell by 4.38%, under pressure from the decline of one share. Khaleeji Commercial Bank by 3.85%, Al Salam Bank-Bahrain by 2.60%, then the services sector by a decrease of 3.91% due to the pressure of the share of ABM Terminals Bahrain by 0.37%, Bahrain Telecommunications Company-Batelco by 0.34%.

 

The investment sector rose by 0.20%, driven by the rise in Bahrain Commercial Facilities Company by 0.64%, and Zain Bahrain, which rose by 0.88%.

 

In a related context, Investcorp announced its financial results for the six-month period ending on December 31, 2020, and the financial results for the first half of the fiscal year 2021 were driven by strong performance in all business areas, which led to an increase in the net profit attributable to the shareholders of the parent company from 48 million dollars. US dollars in the first half of fiscal year 2020 to 63 million US dollars in the first half of fiscal year 2021, an increase of 31%.

 

Reduced earnings per share reached $ 0.88 in the first half of fiscal year 2021 compared to $ 0.65 in the first half of fiscal year 2020, an increase of 35%. Total comprehensive income attributable to shareholders of the parent company registered a 46% increase, from 46 million. US $ in the first half of fiscal year 2020 to $ 67 million in the first half of fiscal year 2021.

 

Total shareholders' equity (excluding non-controlling interests) on December 31, 2020 reached a total of $ 957 million, an increase of 10% compared to $ 867 million on June 30, 2020, and total assets at the end of the first half of the fiscal year 2021 reached a total of $ 2.449 billion against $ 2.123 billion in fiscal year 2020, an increase of 15%.

 

Delmon Poultry Company also announced that the Board of Directors approved the annual audited financial statements for the fiscal year ending on 31 December 2020, and the company transferred its net profit of 865.9 thousand Bahraini dinars in 2020 against 142.4 thousand BD losses in 2019.

 

In another context, BBK said that with reference to the bank’s appointment in January 2021 of Emirates NBD Capital Limited as a principal financial advisor, the bank is working in cooperation with the financial advisor to finalize the appointment of the legal and auditing advisor, and the bank, in cooperation with the specialized advisors, will start the initial study. In coordination with Ithmaar Holding Company and its advisors regarding the evaluation process of the assets subject to the acquisition, it is expected that this preliminary study will be completed at the beginning of next April, and the next steps will be announced at that time, and any material information will be announced in a timely manner, according to the laws and regulations. related to.

 

In a separate context, Al Salam Bank-Bahrain announced the meeting of the Board of Directors, on Tuesday, and the usual matters were approved.

 

The Bahrain Bourse announced that the 3-month issue of Government Treasury Bills No. 1847 issued by the Central Bank of Bahrain on behalf of the Government of the Kingdom of Bahrain will be listed, starting on Thursday, 11 February.

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