"JF Kennedy H" share, formerly house Gulf Finance, inscribed in the Bahrain Stock Exchange, Dubai Financial Market and the financial market of Kuwait, witnessed on Sunday trading exceeded 282 million dirhams to top the list of the most active traded, which constitutes more than third of market liquidity amounting to 768 million dirhams, in the last hour of trading on Sunday in Dubai market.
The share rose with 3.17% in Dubai Financial Market up to levels of Al0.847 AED with trading volumes amounted to 339.5 million dirhams spread over 2.613 thousand transactions.
In Kuwait, the share trading was at about 1.14 million Kuwaiti dinars, of about 16.7 million shares to close transactions rosen by around 2.99% to levels of 69 dinars.
The share trades scored double of the entire real estate sector, amounting to 147 million dirhams, registering a rise of about 1.22%.
The share ended with stability in the Bahrain Stock Exchange with a total trades amounted to 4.941 thousand Dinar through 22.460 thousand shares.
Paid capital for JF H was reduced in April by 60% of the shares of the bank by almost 6 shares for every 10 shares, from 1.495 billion US dollars, to 598 million $, spread over 2.256 billion shares, with a par value of 0.265 $.
The company said that this procedure was to write off the accumulated losses for the purpose of distribution of profits and therefore the number of issued shares have been reducing from 5,641,458,509 shares to 2,256,583,403 shares with a nominal value of 0.265 US $ per share.
The financial statements of GFH for the ended year in December 31, 2014, showed net profit for the group, valued at 17 million US $, during 2014, compared to a net loss of 18 million $ during the previous year.
And "Finance House" works in the development of Islamic financial institutions, infrastructure projects, projects of private shares, and asset management.