The Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM) have logged nine large direct deals executed on 305.7 million shares worth $435 million (AED1.6 billion) during Ramadan.
According to the market data, ADX saw the execution of five large direct deals on 243.4 million shares worth $186 million (AED683.3 million). These included a $138 million (AED509.8 million) deal executed on 27.7 million e& shares at a price of $4.99 (AED18.34) per share; an $10 million (AED37.8 million) deal on 5.2 million Emirates Insurance Company shares at a price of $1.96 (AED7.2) per share.
Furthermore, three deals worth over $36 million (AED135.7 million) on the stock of Abu Dhabi National Hotels Company, executed on 210.4 million shares at a price of $0.18 (AED0.645) per share.
Meanwhile, DFM saw the execution of four large direct deals on 62.2 million shares worth $254 million (AED933.9 million). These included a $212 million (AED782.1 million) deal executed on 3.9 million Mashreq shares; an $27 million (AED100.5 million) deal on 5.7 million Emirates NBD shares.
Further, two deals on the stock of GFH Financial Group, worth $7.8 million (AED28.7 million) and $6.1 million (AED22.5 million) executed on 30 million shares and 22.6 million shares respectively.
The 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, as per the statement.
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