GFH reveals market making activity for May

In Bahrain Bourse, the company purchased 749,000 securities, and sold 11.38mln shares

Mubasher: GFH Financial Group announced the market making transactions conducted by its market maker, Securities and Investment Company (SICO), during May 2020 in Bahrain Bourse and the Dubai Financial Market (DFM).

In Bahrain Bourse, the company purchased 749,000 securities, and sold 11.38 million shares, paying $110,132 and receiving $1.63 million. Securities balance stood at 57.97 million securities, while the cash balance stood at $6.85 million.

As for DFM, GFH purchased 26.56 million securities and sold 20.07 million, paying AED 14.68 million and receiving AED 11.01 million. The securities balance amounted to about 81.48 million, while the cash balance reached AED 26.61 million.

The disclosure comes in line with the Central Bank of Bahrain (CBK) requirements, which mandates all listed companies to notify markets of the monthly market making transactions.

Source: Mubasher

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