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Abu Dhabi, May 3 / The Abu Dhabi Securities Exchange witnessed today the execution of a large deal on the shares of the “ADNOC Gas” company.
According to Abu Dhabi market data, the deal was executed on about 4.219 million shares, at a value of nearly 10 million dirhams, at a price of 2.37 dirhams per share.
During the past month of Ramadan, the share of “ADNOC Gas” witnessed the implementation of about 28 large transactions, at a value of 168.5 million dirhams.
ADNOC Gas shares were listed on the Abu Dhabi market on March 13, in the largest initial public offering ever in the market and the largest initial public offering in the world so far this year, after collecting total proceeds of 9.1 billion dirhams.
And large deals (mechanism) provided by the local markets to investors and brokerage firms, allowing the completion of deals of this kind on the shares of a listed company without being restricted to the range of price limits in force in the market.
The executed large direct deals do not affect the closing price of the company’s share in question or the general index, nor do they affect the highest and lowest prices that were executed during the session or during the last 52 weeks.
