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Abu Dhabi On April 20, the Abu Dhabi Stock Exchange and the Dubai Financial Market witnessed the implementation of 34 large transactions, with a value exceeding 237 million dirhams, during the holy month of Ramadan.
According to the monitoring of the Emirates News Agency, WAM, based on market data, the Abu Dhabi market witnessed, during the month of Ramadan, the execution of 32 large transactions on 119.5 million shares, at a value of 204.8 million dirhams.
The large deals executed on the Abu Dhabi Stock Exchange included about 28 deals on “ADNOC Gas” shares, at a value of 168.5 million dirhams, and 4 deals on “Hayat Insurance” at about 36.3 million dirhams.
According to the monitoring, the Dubai Financial Market witnessed the implementation of two large deals during the month of Ramadan, with a total value of about 32.4 million dirhams, on 9.44 million shares. Shares of “Emirates Refreshments” for 9.04 million shares, at a value of 30.7 million dirhams.
Large deals are a mechanism provided by the local markets to investors and brokerage firms, allowing the completion of transactions 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 price that was executed during the session or during the last 52 weeks.
