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GFH falls in KSE, DFM after bourse statement

GFH falls in KSE, DFM after bourse statement
Photo Credit: Arabianeye-Reuters
GFH
GFH`R
77.19% 174.00 75.80

Dubai-Mubasher: GFH Financial Group said that no material information available to trigger an extraordinary trading on GFH stock in the three markets; KSE, BHB, and DFM, said GFH in a bourse statement.

On Wednesday, GFH stock rose by 4.76% to settle at KWD 0.44 in the Kuwaiti bourse, after 7.8 million shares were traded with a total value of about KWD 339,300.

Similarly, the stock remained unchanged at AED 0.516 in DFM, after 8 million shares were traded with a total of AED 42 million.

“Such activity appears to be due to market sentiment,” according to the statement issued on Thursday.

Meanwhile, GFH declined in both DFM and KSE; the stock dropped 1.74% to settle at AED 0.507 in DFM at 1:20 pm Dubai local time.

In KSE, the stock fell by 3.4% to reach 42.5 fils at 12:30 pm Kuwait local time.