By: Mahmoud Gamal
Dubai – Mubasher: GFH Financial Group’s stock rose in the Dubai Financial Market (DFM) and the Kuwait Stock Exchange (KSE) after repaying the entire amount of its $300 million syndicated financing facility.
By 07:40 GMT, the stock grew in the DFM by 1.5% to AED 1.94, making a turnover of AED 55.39 million.
During the same time, the stock rose in the KSE by 1.27% to 160 fils with a turnover of KWD 80,710.
Markets analyst, Mohamed Saied, told Mubasher that the stock is now targeting resistance levels of AED 2.2-2.5 and support level of AED 1.5-1.8.
Translated by: Elwy el-Manzalawy
