The Abu Dhabi Securities Exchange (ADX) has announced a direct deal involving shares of International Holding Company PJSC (IHC), with a total value exceeding AED149 million ($40.56 million). This transaction consisted of 360,000 IHC shares, each priced at AED414.
Direct transactions of this magnitude are conducted outside the order book, meaning they do not influence the closing price of the company’s shares or the overall price index. Additionally, these transactions have no impact on the highest and lowest prices recorded during the trading session or over the past 52 weeks.
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Recent deals
In September 2024, a significant direct deal was executed on the shares of IHC. Market data indicates that this transaction involved approximately 10.7 million shares with a total value surpassing AED4.38 billion, executed at a price of AED409.3 per share.
Last month, ADX reported the completion of 15 substantial direct deals concerning shares of ADNOC Gas Plc and Modon Holding PSC, aggregating to a total value of AED2.66 billion. According to ADX data, the first of these deals involved approximately 505.8 million shares of Modon Holding, valued at AED2.44 billion, executed through six large transactions at a price of AED4.83 per share. The second deal involved about 71.5 million shares of ADNOC Gas, valued at AED218.2 million, completed through nine large transactions at a price of AED3.05 per share.
In June 2024, ADX recorded two substantial direct deals involving the stocks of Emirates Insurance Co. and The National Investor (TNI), with a combined value of AED188 million for 57.5 million shares. Market data reveals that one trade was executed for 34.9 million shares of The National Investor, valued at AED18 million, with an execution price of AED0.517 per share. Another trade involved 22.6 million shares of Emirates Insurance Co., valued at AED170.07 million, executed at a price of AED7.5 per share.
In May 2024, ADX witnessed a significant direct deal involving ADNOC Gas plc, with market data showing that the trade was executed on 15 million shares, totaling AED45.7 million at an execution price of AED3.05 per share.
