Kuwait – Mubasher: GFH Financial Group’s stock ended Monday at a rise in Kuwait, Dubai and Bahrain, on the back of the board’s recommendation to withdraw its stock from the Kuwait Stock Exchange (KSE).
The stock grew 2.86% to 72 fils on KSE, after 2.69 million shares were exchanged at a turnover of KWD 190,060.
On the Dubai Financial Market (DFM), GFH gained 1.5% to AED 0.885, generating AED 58 million after 65.9 million shares changed hands.
Finally, on the Bahrain Bourse, the stock led risers, surging 6.82% to BHD 0.235 after 25,000 shares were traded at a total value of BHD 5,870.
The Bahrain-based financial group announced that its board on Saturday recommended an optional withdrawal from KSE.
Continued listing on KSE is no longer profitable, particularly due to conflicts between the laws and regulations of the Kuwaiti Capital Market Authority (CMA) and the Central Bank of Bahrain’s instructions and regulations, the board said.
It added that as a financial group, GFH was subject to the CBB’s regulations.
