ADX And DFM Log Nine Major Deals Worth AED 1.6 Billion During Ramadan

During the holy month of Ramadan, the Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM) witnessed significant trading activity, with nine large direct deals amounting to a total of AED1.6 billion executed across both exchanges. These transactions, involving 305.7 million shares, underscore the vibrant trading environment in the United Arab Emirates' financial markets.

The ADX saw five substantial direct deals, with 243.4 million shares changing hands for a total of AED683.3 million. Among these, a standout transaction involved e& shares, where 27.7 million shares were traded at AED18.34 per share, culminating in an AED509.8 million deal. Additionally, the Emirates Insurance Company saw a deal worth AED37.8 million for 5.2 million shares at AED7.2 each. The Abu Dhabi National Hotels Company also featured prominently with three deals worth over AED135.7 million for 210.4 million shares at AED0.645 per share.

On the other hand, the DFM recorded four large direct deals on 62.2 million shares, valued at AED933.9 million in total. A significant portion of this was an AED782.1 million transaction involving 3.9 million Mashreq shares. Emirates NBD shares also saw considerable activity with a deal worth AED100.5 million for 5.7 million shares. Furthermore, GFH Financial Group was part of two transactions worth AED28.7 million and AED22.5 million for 30 million and 22.6 million shares respectively.

Direct large transactions are executed outside the regular order book and are pivotal in that they do not influence the closing price of a company's shares or the overall price index. Moreover, these transactions do not affect the highest and lowest prices recorded during the trading session or over the past year. This characteristic ensures that such large-scale deals contribute to market liquidity without disrupting price stability or market indices.

The execution of these deals during Ramadan highlights not only the robustness of the UAE's financial markets but also their ability to facilitate significant transactions efficiently and transparently.

In summary, the ADX and DFM's performance during Ramadan reflects a healthy appetite for large-scale investments among traders and institutions alike, reinforcing the UAE's position as a leading financial hub in the Middle East.

With inputs from WAM