Implementation of 39 large transactions directly in Dubai Financial, worth 1.18 billion dirhams

During the first quarter of this year, the Dubai Financial Market witnessed the implementation of large direct transactions, numbering 39 transactions, with a value exceeding 1.18 billion dirhams, on the shares of nine listed companies.

The list of companies whose shares were directly executed included: “Gulf Navigation Holding”, “Amanat Holding”, “BHM Capital Financial Services”, and “Alec Holding”.

The list also included “Al Ramz Corporation for Investment and Development”, “Dubai Investments”, “Commercial Bank of Dubai”, “Al Saqr National Insurance”, and “Taleem Holding”.

According to a monitoring conducted by “Emirates Today” based on Dubai Financial Market data, these deals were executed on about 629.7 million shares, with Gulf Navigation Holding Company accounting for the majority, with about 19 deals on 320.31 million shares, with a value of 674.9 million dirhams.

10 large direct transactions were executed on 211.68 million shares of Amanat Holding Company, worth 254.02 million dirhams, at a price of 1.2 dirhams per share.

Three deals were also executed on the shares of “Alec Holding” Company, about 18.96 million shares, worth 26.17 million dirhams, at a price of 1.38 dirhams per share, while two large direct deals were executed on 13 million shares of “BHM Capital Financial Services” company, at a value of 13 million dirhams.

A large direct deal was also executed on 9.5 million shares of Dubai Investments Company, valued at 39.9 million dirhams.

The Dubai market also witnessed the implementation of a large direct deal on 1.53 million shares of “Commercial Bank of Dubai” shares, at a value of 14.3 million dirhams, at a price of 9.3 dirhams per share, in addition to a deal on 11.69 million shares of “Al Ramz Corporation for Investment and Development” shares, at a value of 18.71 million dirhams, at a price of 1.6 dirhams per share.

The list of large direct deals in the first quarter of this year also included a deal worth 142.28 million dirhams on 35.84 million shares of Taaleem Holding Company, at a price of 3.97 dirhams per share. A deal was also executed on 7.2 million shares of Al-Saqr National Insurance Company shares at a value of 1.8 million dirhams, at a price of 0.25 dirhams per share.

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Direct big deals

Direct large trades are deals that are executed outside the order book, and are considered a type of large trades. They do not affect the closing price of the company’s stock in question, nor the price index.

It also does not affect the highest and lowest prices executed during the session and during the last 52 weeks.