ADX, DFM log direct deals worth Dhs1.6bn during Ramadan

The Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM) reported significant direct transactions during the holy month.

The direct deals, totalling 305.7 million shares, are valued at Dhs1.6bn.

These transactions, conducted outside the order book, are pivotal indicators of market activity.

ADX, DFM direct deals

In ADX, five large direct deals were executed on 243.4 million shares, amounting to Dhs683.3m, reported state news agency, WAM.

Notable transactions include a deal worth Dhs509.8m on e& shares, as well as transactions involving Emirates Insurance Company (Dhs37.8m) and Abu Dhabi National Hotels Company (Dhs135.7m).

DFM recorded four significant direct deals on 62.2 million shares, totaling Dhs933.9m. The transactions comprised deals on Mashreq shares (Dhs782.1), Emirates NBD shares (Dhs100.5m), and GFH Financial Group stocks (Dhs28.7m), reflecting diverse investor activity during Ramadan.

Direct large transactions do not influence the closing price of company shares, the price index, or the highest and lowest prices during the session or over the past 52 weeks.

Despite their substantial size, these transactions do not disrupt market dynamics, providing insights into investor sentiment and strategic movements.

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