Page 67 - UNION PROPERTIES GENERAL REPORT - April 2024_Neat

ADX, DFM log nine large deals worth Dhs1.6b

during Ramadan

• 07 Apr 2024

The UAE stock markets attracted liquidity of nearly Dhs6.5 billion last week.
The Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM) logged
nine large direct deals executed on 305.7 million shares worth Dhs1.6 billion during
Ramadan.

According to market data, ADX saw the execution of five large direct deals on 243.4
million shares worth Dhs683.3 million.

These included an Dhs509.8 million deal executed on 27.7 million e& shares at a price
of Dhs18.34 per share; an Dhs37.8 million deal on 5.2 million Emirates Insurance
Company shares at a price of Dhs7.2 per share; and three deals worth over Dhs135.7
million on the stock of Abu Dhabi National Hotels Company, executed on 210.4 million
shares at a price of Dhs0.645 per share.

Meanwhile, DFM saw the execution of four large direct deals on 62.2 million shares
worth Dhs933.9 million.

These included an Dhs782.1 million deal executed on 3.9 million Mashreq shares; an
Dhs100.5 million deal on 5.7 million Emirates NBD shares; and two deals on the stock

https://www.gulftoday.ae/business/2024/04/07/adx-dfm-log-nine-large-deals--worth-dhs16b-
during-ramadan