Wednesday 21, May 2008 by

BISB net profit reaches 91.7 per cent

According to Global’s fair value, the banking scrip offers an upside of 25.4 per cent on the closing price of 515fils per share; it therefore recommend a “buy” on the scrip. Based on the current market price of 515 fils/share (as on May 18, 2008), Bahrain Islamic Bank BISB is trading at a 2008E P/E and P/BV multiple of 9.1x and 1.7x respectively.

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