GulfBase GCC Cap Indices
IndexLevelChg%
Large Cap4,023 0.80
Med Cap3,850 0.49
Small Cap4,907 0.91
Micro Cap8,519 0.62

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Ticker Price Volume
GFH 0.46 3,578,848
BKSB 0.14 275,822
DSI 0.39 45,711,538
ALINMA 16.5 3,084,810
DAMAC 3.84 686,475
ALKHODARI 10.04 34,083
DANA 0.6 9,001,191

Bank of Bahrain & Kuwait

Source: Taib Bank

BBK is one of the leading conventional banks in Bahrain with a well established reputation. It was earlier known as Bank of Bahrain and Kuwait

The country’s huge investments in the nonoil sector, especially infrastructure, aluminum and metal projects is providing abundant growth opportunities for banks.

BBK has a strong capitalization level, with capital adequacy ratio well above the minimum regulatory requirement.

On March 03, 2008, its shareholders approved the distribution of 27% cash and 5% stock dividend for the year 2007.

The entry of several conventional and Islamic banks into the country is heating up competitive temperatures and threatening BBK’s position.

Offsetting BBK’s growth drivers against risk factors, we slightly downgrade our 12-month price target to BHD 0.800 from BHD 0.856, while reiterating our OVERWEIGHT recommendation on the stock.

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