GFH Financial Group's Market Making Activities in September 2024
GFH Financial Group B.S.C. has released its market making and treasury shares activities for September 2024, showcasing their strategic moves in the Bahrain, Dubai, and Abu Dhabi markets.
Summary
GFH Financial Group B.S.C. has disclosed its market making and treasury shares activities for September 2024, detailing transactions in the Bahrain, Dubai, and Abu Dhabi markets.
On October 2, 2024, GFH Financial Group B.S.C. announced its market making and treasury shares activities for September 2024. This disclosure is in compliance with the Central Bank of Bahrain's requirements for listed companies to report monthly market making transactions.
As of September 30, 2024, GFH Financial Group held 84,186,563 treasury shares, accounting for 2.20% of the Group's total outstanding shares.
Market Making Activities
GFH's liquidity provider, SICO, conducted several transactions on the Bahrain Bourse. The total number of securities purchased amounted to 2,887,408, while the total number of securities sold was 1,253,127. The total money paid for these transactions was USD 984,520, and the total money received was USD 427,304.
In the Dubai Financial Market and Abu Dhabi Securities Exchange, BHM Capital acted as the liquidity provider. The detailed figures for these markets were not disclosed in the press release.
Strategic Implications
GFH's active market making and treasury share management reflect its strategic approach to maintaining liquidity and stabilizing its stock price. By engaging in these activities, GFH aims to enhance investor confidence and ensure a balanced trading environment.
Given the current market conditions and GFH's proactive measures, investors might consider holding their positions. The company's diversified investment portfolio and consistent market presence across multiple regions provide a stable outlook for the near future.
Conclusion
In conclusion, GFH Financial Group's market making activities in September 2024 demonstrate its commitment to transparency and strategic financial management. Investors are advised to hold their positions as the company continues to navigate the financial landscape with prudence and foresight.
Source
Summary
GFH Financial Group B.S.C. released an announcement on October 2, 2024, detailing their market-making activities and treasury shares for September 2024. In accordance with the Central Bank of Bahrain's requirements, the company disclosed the market-making transactions conducted by their liquidity providers: SICO in Bahrain Bourse and BHM Capital in Dubai Financial Market and Abu Dhabi Securities Exchange. As of September 30, 2024, GFH held 84,186,563 treasury shares, representing 2.20% of the Group’s total outstanding shares. During September, SICO purchased 2,887,408 securities and sold 1,253,127 securities on Bahrain Bourse, with total money paid amounting to USD 984,520 and total money received amounting to USD 427,304.
