GFH blames speculators for sudden share price drop

May 14, 2014 9:43 am

Bahrain-based Gulf Finance House (GFH) has said its financial position is in good shape, with no significant risk to operations and that its projects are progressing well, Gulf Daily News has reported. The Islamic investment bank blamed the sudden steep decline in its Kuwait-listed shares on “speculative trading activities based on rumours being created in the market, without having any substance to the banks actual operation and activities.”