2023-05-05 15:12:14
The implementation of three deals on the shares of Abu Dhabi Islamic Bank during today’s session, Friday, raised the total of large deals that the Abu Dhabi Stock Exchange witnessed since the beginning of this year to 46 major deals, with a value exceeding 18.35 billion dirhams.
The implementation of the three deals was supported by the increase in the number of shares traded in large deals since the beginning of the year to 721.5 million shares, according to recent data of the Abu Dhabi Securities Exchange.
And after the implementation of these deals, since the beginning of the year 2023 until today’s session, large deals have been carried out on the shares of six companies, namely: “Abu Dhabi Islamic Bank”, “ADNOC Gas”, “Hayat Insurance”, “Al-Alamiah Holding”, “Multiplay Group”. and Food Holding.
And “ADNOC Gas” acquired the largest share of the large deals during that period, by 29 deals, as the first 10 deals on the company’s shares were executed on March 27, on 41.56 million shares, at a value of 98.49 billion dirhams, according to Abu Dhabi market data.
ADNOC Gas also witnessed the execution of 10 other large deals on March 28, on 15.83 million shares, at a value of 37.5 billion dirhams, in addition to eight deals in the fourth session of last April, on 13.72 million shares, at a value of 32.49 billion dirhams.
ADNOC Gas also witnessed the implementation of another major deal on the second of May, on the number of 4.22 million shares, at a value of 9.99 billion dirhams.
The “Hayat Insurance” share recorded the implementation of four major transactions in the trading session of last March 30, for 48.43 million shares, at a value of 36.32 million dirhams.
The “International Holding” share acquired five major deals, as the first deal was executed on January 15th with 8.3 million shares at a value of 3.37 billion dirhams, and another major deal was executed on the same share on February 12th with 2.7 million shares at a value of 1.04. One billion dirhams, in addition to executing three deals in the March 5th session on 23.7 million shares, at a value of 9.51 billion dirhams.
The “Multiplay Group” share witnessed the execution of four major deals in the trading session of the ninth of last February, for 279.8 million shares, at a value of 1.15 billion dirhams.
And another major deal was executed on the shares of “Food Holding” for 6.5 million shares, at a value of 533 million dirhams, in the trading session of the sixth of last March.
It is noteworthy that the Abu Dhabi Securities Market had witnessed, during the past year, the implementation of large deals worth 68.15 billion dirhams, after executing them on 16.1 billion shares through 207 deals.
Major deals are a mechanism provided by the local markets to investors and brokerage firms, allowing the completion of deals of this kind on the shares of a listed company without being restricted to the range of price limits in force in the market.
These executed direct deals do not affect the closing price of the concerned company’s share nor the general index, nor do they affect the highest and lowest price executed during the session or during the last 52 weeks.
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