Today, the Abu Dhabi Securities Market announced the implementation of two major transactions in the shares of Food Holding and NMDC Energy, with a total value of 210.5 million dirhams for 51.4 million shares.
Abu Dhabi Market data showed that the first deal was executed on Food Holding shares for about 2.35 million shares, worth 63.2 million dirhams, at an execution price of 26.9 dirhams.
The second deal was executed on NMDC Energy shares for about 49.09 million shares, worth 147.2 million dirhams, at a price of 3 dirhams.
Large deals are a mechanism provided by local markets to investors and brokerage companies, allowing deals of this type to be completed on shares of a listed company without being restricted by the range of price limits applicable in the market.
The executed large direct trades do not affect the closing price of the company’s stock in question, nor the general index, nor do they affect the highest and lowest prices executed during the session or during the last 52 weeks.
#Abu #Dhabi #Market #announces #implementation #major #deals #worth #million #dirhams