GFH’s stock gains 3% Wednesday on potential assets sale

Dubai – Mubasher: The stock of GFH Financial Group grew on Wednesday, leading the Dubai Financial Market (DFM) in terms of trading volume, following an announcement of a planned transaction to sell real estate assets.

By 1:15 pm, UAE time, the stock added 2.94% to AED 1.4, with a turnover of AED 42.82 million and 30.83 million traded shares.

Earlier in September, the DFM-listed company announced plans to sell some real estate assets, expecting to complete the deals prior to the end of 2018.

The DFMGI declined 17.39 points, or 0.61%, to 2,819.7 points.

Trading volume reached 94.02 million shares, while liquidity amounted to AED 137.73 million.

Mubasher Contribution Time: 05-Sep-2018 09:50 (GMT)
Mubasher Last Update Time: 05-Sep-2018 09:51 (GMT)