Dubai, UAE – During the first quarter of this year, the Dubai Financial Market witnessed the implementation of large direct deals. There were 39 deals, worth more than AED 1.18 billion, on shares of nine listed companies.
The list of companies on whose shares large deals were executed directly included: “Al Khaleej Navigation Holding”, “Amanat Holding”, “BHM Capital Financial Services”, and “Alec Holding”.
The list also included “Al Ramz Corporation for Investment and Development”, “Dubai Investment”, “Dubai Commercial Bank”, “Al Saqr National Insurance”, and “Taalim Holding”.
major deals
These deals were executed for approximately 629.7 million shares. Gulf Navigation Holding Company accounted for the majority of about 19 deals on 320.31 million shares. Worth 674.9 million dirhams.
10 large direct deals were executed on 211.68 million shares of Amanat Holding Company. Worth AED 254.02 million at a price of AED 1.2 per share.
Three deals were also executed on the shares of Alik Holding Company, amounting to approximately 18.96 million shares, worth 26.17 million dirhams, at a price of 1.38 dirhams per share. Two large direct deals were executed on 13 million shares of BHM Capital Financial Services, worth 13 million dirhams.
A large direct deal was also executed on 9.5 million shares of Dubai Investment Company, worth AED 39.9 million.
The Dubai market also witnessed the implementation of a large direct deal on 1.53 million shares of Dubai Commercial Bank, worth 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” worth 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 Education 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, worth 1.8 million dirhams, at a price of 0.25 dirhams per share.
direct deals
Large direct trades are trades that are executed outside the order book, and are considered a type of large trade, and do not affect the closing price of the company’s shares 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.
