Cairo - Mubasher: MubasherTrade Research maintained its Buy recommendation on Zain Bahrain, with moderate risk rating.

The research unit set the company's target price at BHD 0.255 per share.

MubasherTrade Research said Bahrain’s high economic growth and relatively young population in addition to the Zain Bahrain’s stable market share mainly support its positive outlook.

However, the country's small population size and market saturation may curb the company's top-line growth, noted MubasherTrade Research.

Zain Bahrain released its 2015 results, reporting a 24% y-o-y higher net earnings of BHD 5.1 million, beating MTRe of BHD 4.6 million (+13.0%), noted MubasherTrade Research.