Real estate related economic and financial news covering the MENA region.
Bahrain Bourse advances for the third consecutive trading day
Mar 07, 2012
The Bahrain All Share Index in Manama added 0.10% to reach 1,157.38 points Wednesday. National Bank of Bahrain or NBB gained the most (up 2.63%). Bahrain Telecom, known as Batelco, added half a percent. Shares of Bahrain Middle East Bank fell 8.70%. Earlier in the day, Dr. Mark Mobius, Executive Chairman at Templeton Asset Management said at the Middle East Investment Summit in Dubai, "emerging markets will continue to see higher growth rates than their counterparts in the West, as they benefit from solid population growth rates, resulting in higher demand for commodities, goods and services." After a sluggish start into 2012, the Bahrain Bourse reversed the trend end of February and has gained 1.20% year-to-date.