UAE – Mubasher: The Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM) recorded nine off-book direct transactions, involving a total of 305.70 million shares valued at AED 1.60 billion during Ramadan.
ADX conducted five deals, totalling 243.40 million shares valued at AED 683.30 million, according to the Emirates News Agency (WAM).
These transactions included shares of e&, Emirates Insurance Company, and Abu Dhabi National Hotels.
On the other hand, DFM executed four deals, comprising 62.20 million shares valued at AED 933.90 million, which involved shares of Mashreq Bank, Emirates NBD, and GFH Financial Group.
It is worth highlighting that these large direct transactions take place outside the order book and do not impact the closing price of the company's shares or the price index.
