ADX and DFM Finalize nine Major Agreements Worth Dhs1.6 b=Billion During Ramadan.

ADX and DFM Finalize nine Major Agreements Worth Dhs1.6 b=Billion During Ramadan.

During Ramadan, 305.7 million shares valued at Dhs1.6 billion were performed in nine significant direct deals on the Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM).
Market data indicates that five sizable direct deals totaling Dhs683.3 million were executed on 243.4 million shares of ADX.

Among these were three deals totaling more than 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. Another deal worth Dhs37.8 million was executed on 5.2 million shares of Emirates Insurance Company. Three deals totaling Dhs509.8 million were executed on 27.7 million e& shares at a price of Dhs18.34 per share.

These included a Dhs782.1 million deal on 3.9 million Mashreq shares, a Dhs100.5 million deal on 5.7 million shares of Emirates NBD, and two deals worth Dhs28.7 million and Dhs22.5 million on GFH Financial Group stock, executed on 30 million and 22.6 million shares, respectively.

The closing price of the company’s shares and the price index are unaffected by direct large transactions, which are deals carried out outside the order book. They have no bearing on the highest and lowest prices executed throughout the session and during the previous 52 weeks.

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