DFM conducts major direct deals on 5mln shares of Gulf Navigation Holding worth $5.44mln

DFM conducts major direct deals on 5mln shares of Gulf Navigation Holding worth $5.44mln

DUBAI - Dubai Financial Market (DFM) conducted today four major Direct Deal Transactions (DDT) on 5 million shares of the Gulf Navigation Holding PJSC worth AED 20 million.

The company's share closed 8 percent higher at AED 5.4 after trading of more than 13.6 million shares at the value of AED 72.6 million through 1,166 deals.

DFM introduced a new market procedure on Direct Deal Transactions (DDT) on 7th March.

DDTs are off-market transactions executed outside the Order Book and are considered a type of block trade.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.