ADX, DFM log nine large deals worth Dhs1.6b during Ramadan – Gulf Today

ADX, DFM log nine large deals worth Dhs1.6b during Ramadan – Gulf Today

The UAE stock markets attracted liquidity of nearly Dhs6.5 billion last week.

The Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM) logged nine large direct deals executed on 305.7 million shares worth Dhs1.6 billion during Ramadan.

According to market data, ADX saw the execution of five large direct deals on 243.4 million shares worth Dhs683.3 million.

These included an Dhs509.8 million deal executed on 27.7 million e& shares at a price of Dhs18.34 per share; an Dhs37.8 million deal on 5.2 million Emirates Insurance Company shares at a price of Dhs7.2 per share; and three deals worth over Dhs135.7 million on the stock of Abu Dhabi National Hotels Company, executed on 210.4 million shares at a price of Dhs0.645 per share.

Meanwhile, DFM saw the execution of four large direct deals on 62.2 million shares worth Dhs933.9 million.

These included an Dhs782.1 million deal executed on 3.9 million Mashreq shares; an Dhs100.5 million deal on 5.7 million Emirates NBD shares; and two deals on the stock of GFH Financial Group, worth Dhs28.7 million and Dhs22.5 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