GFH Financial Group's Market Making Activities in August 2024

...

GFH Financial Group B.S.C. has released its market-making activity report for August 2024, showcasing significant transactions across multiple exchanges.

GFH Financial Group's Market Making Activities in August 2024

Summary

GFH Financial Group B.S.C. reported its market-making activities for August 2024, conducted by SICO in Bahrain Bourse and BHM Capital in Dubai and Abu Dhabi exchanges.

GFH Financial Group B.S.C., a prominent financial institution in the GCC region, has released its market-making activity report for August 2024. The report, in compliance with the Central Bank of Bahrain's requirements, details the transactions conducted by GFH’s market maker SICO in Bahrain Bourse and liquidity provider BHM Capital in Dubai Financial Market (DFM) and Abu Dhabi Securities Exchange (ADX).

According to the report, SICO executed significant market-making transactions on the Bahrain Bourse. The total number of securities purchased amounted to 3,198,598, while the total number of securities sold was 1,274,448. The total money paid for these transactions was USD 1,007,885, and the total money received was USD 411,461. As of August 31, 2024, the securities balance stood at 2,925,000, with a cash balance of USD 4,920,869.

In Dubai and Abu Dhabi, BHM Capital acted as the liquidity provider, ensuring smooth trading and adequate liquidity for GFH’s shares. This strategic move not only aligns with regulatory requirements but also enhances investor confidence and market stability.

GFH Financial Group’s consistent performance and strategic market-making activities reflect its robust financial health and commitment to transparency. The group's diversified investment portfolio, spanning the GCC, US, Europe, and UK, further solidifies its position as a leading financial institution in the region.

Given the positive market-making activities and GFH’s strategic investments, it is advisable for investors to hold their positions in GFH Financial Group. The company’s proactive approach and strong financial metrics indicate a promising future, making it a valuable asset in any investment portfolio.

...

Source

Market Making Activity During August 2024

Summary

GFH Financial Group B.S.C. disclosed its market-making activities for August 2024, in compliance with the Central Bank of Bahrain's requirements for monthly reporting by listed companies. The details include transactions by the market maker SICO in Bahrain Bourse and the liquidity provider BHM Capital in Dubai Financial Market and Abu Dhabi Securities Exchange. As of August 31, 2024, SICO purchased 3,198,598 securities and sold 1,274,448 securities. The total money paid was USD 1,007,885, while the total money received was USD 411,461. The securities balance stood at 2,925,000, and the cash balance was USD 4,920,869.

Related articles

Loading...