UAE: 44 large direct deals on IHC worth $1.21bln at ADX on Thursday

UAE: 44 large direct deals on IHC worth $1.21bln at ADX on Thursday

ABU DHABI – A wave of 44 large direct deals swept over the International Holding Company (IHC) shares on the Abu Dhabi Securities Exchange (ADX) today.

According to ADX data, the deals were executed on 11.159 million stocks worth AED4.458 billion at a price of AED399.5 per share.

Large direct deals are trades that are executed outside the order book and do not affect the closing price of the relevant company's stock or the price index. They also do not affect the highest and lowest prices executed during the session and during the last 52 weeks.

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.