ADX, DFM log nine large deals worth Dh1.6 billion during Ramadan
ADX saw five large direct deals worth Dh683.3m, while DFM saw four deals worth Dh933.9m
The Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM) logged nine large direct deals executed on 305.7 million shares worth Dh1.6 billion during Ramadan.
According to market data, ADX saw the execution of five large direct deals on 243.4 million shares worth Dh683.3 million. These included an Dh509.8 million deal executed on 27.7 million e& shares at a price of Dh18.34 per share; an Dh37.8 million deal on 5.2 million Emirates Insurance Company shares at a price of Dh7.2 per share; and three deals worth over Dh135.7 million on the stock of Abu Dhabi National Hotels Company, executed on 210.4 million shares at a price of Dh0.645 per share.
Meanwhile, DFM saw the execution of four large direct deals on 62.2 million shares worth Dh933.9 million. These included an Dh782.1 million deal executed on 3.9 million Mashreq shares; an Dh100.5 million deal on 5.7 million Emirates NBD shares; and two deals on the stock of GFH Financial Group, worth Dh28.7 million and Dh22.5 million executed on 30 million shares and 22.6 million shares respectively.
Direct large transactions are deals executed outside the order book and do not affect the closing price of the company's shares or the price index. They also do not affect the highest and lowest prices executed during the session and over the past 52 weeks.