During Ramadan, the Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM) recorded nine significant direct transactions, involving 305.7 million shares valued at AED 435M ($1.6M).
According to market data, ADX witnessed the completion of five large direct deals, totalling 243.4 million shares valued at AED 683.3M.
These transactions included a deal worth AED 509.8M in for 27.7 million e& shares at a price of AED 18.34 per share, a deal worth AED 37.8M for 5.2 million Emirates Insurance Company shares at AED 7.2 per share, and three deals totalling over AED 135.7M for Abu Dhabi National Hotels Company shares, with a volume of 210.4 million shares traded at AED 0.645 per share.
Meanwhile, DFM observed four significant direct deals, involving 62.2 million shares valued at AED 933.9M, according to Arabian Business.
These transactions included a deal worth AED 782.1M for 3.9 million Mashreq shares, a deal worth AED 100.5M for 5.7 million Emirates NBD shares, and two deals for GFH Financial Group shares, valued at AED 28.7M and AED 22.5M respectively, with volumes of 30 million shares and 22.6 million shares traded.
Direct large transactions occur outside the order book and have no impact on the closing price of the company’s shares or the price index. They also do not affect the highest and lowest prices recorded during the session or over the past 52 weeks.
