Bahrain protesters rally for third day

MANAMA, (Reuters) – Protesters in Bahrain, inspired  by revolts that have toppled Arab rulers in Tunisia and Egypt,  poured into the Gulf island kingdom’s capital today to  mourn a demonstrator killed in clashes with security forces.
Over a thousand joined a funeral procession for the man, who  was shot dead yesterday when fighting broke out at the burial  of another protester. Some 2,000 were camped out at a major road  junction in the centre of Manama, hoping to emulate the rallies  on Cairo’s Tahrir Square and demanding a change of government.
The Interior Ministry has promised to take legal action over  the two deaths if it finds police used “unjustifiable” force.
Bahrainis have a history of protest and the current unrest,  in its third day, has been driven by familiar complaints of  economic hardships, lack of political freedoms and sectarian  discrimination by the Sunni rulers against the Shi’ite majority.
“The people demand the fall of the regime!” protesters  chanted as men pounded their chests in rhythm, a mourning  gesture which is distinctive to the Shi’ite branch of Islam.
Though itself only a minor oil exporter, Bahrain’s stability  is important for neighbouring Saudi Arabia, a key supporter of  Bahrain’s royal family and where key oilfields are home to an  oppressed and occasionally restive Shi’ite minority.
Bahrain is also a hub for banking and financial services in  the Gulf and is home to the U.S. Navy’s Fifth Fleet.
Protesters want the removal of the prime minister, Sheikh  Khalifa bin Salman al-Khalifa, who has governed since British  rule ended in 1971.
For now, they have not sought change at the very top — his  nephew King Hamad bin Isa al-Khalifa has ultimate control over  the 1.3 million people in Bahrain, half of them foreigners.
“We are requesting our rights in a peaceful way,” said Bakr  Akil, a 20 year-old student. He wore a sheet stained with red  ink which he said showed he was willing to die for freedom.
Women dressed in black abaya cloaks followed the procession  with their own chants calling for peace and Bahraini unity.
Bahrain’s Shi’ites, whose branch of Islam is found mostly in  across the Gulf in Iran and among Arabs in Iraq and Lebanon,  complain they are shut out of public housing, healthcare and  government jobs and also that their rulers have tried to shift  the demographic balance by making Sunni immigrants citizens.
In a measure of investors’ concerns, the cost of insuring  Bahraini debt against the government defaulting hit an 18-month  high on Wednesday, rising more than 6 percent.
Bahrain’s main stock index was flat.
In neighbouring Saudi Arabia, which is connected to Bahrain  via a causeway, the main share index fell 1.2 percent.
Near the protest site at Manama’s Pearl Roundabout, police  kept their distance, massing on a nearby dirt lot in dozens of  cars. The Interior Ministry said roads were all open on the  island, which, at 750 sq.km, is about the size of Singapore.
The main Shi’ite opposition group Wefaq, which boycotted  parliament in protest at the clampdown by the security forces,  said it would hold talks with the government on Wednesday.
“We support the people here. We are not the decision  makers,” said Ibrahim Mattar, a Wefaq parliamentarian who had  joined the funeral procession.
“The people are the decision makers,” Mattar said, adding  that Wefaq would call for direct election of the prime minister.