GFH stock accounts for 25% of DFM’s liquidity

Dubai – Mubasher: GFH Financial Group’s stock saw an active trading in the Dubai Financial Market (DFM), accounting for 25% of the bourse’s liquidity.

Such positive performance came after the group’s board approved the proposed settlements with assets worth an estimated value ranging between $350 million to $450 million.

The company’s stock fell 1.77% to AED 1.11 by 1:40pm UAE time in Dubai bourse, generating AED 146.73 million from the exchange of 129 million shares.

In Kuwait Stock Exchange (KSE), GFH’s stock slid 2.17% to 90 Kuwiti fils, with a turnover of KWD 164,735 from the exchange of 1.758 million shares.

The group’s stock climbed 8.9% in Bahrain bourse to BHD 0.305, its highest level since March 2015.

Mubasher Contribution Time: 20-Oct-2016 10:32 (GMT)
Mubasher Last Update Time: 20-Oct-2016 10:32 (GMT)