A significant direct transaction took place on the Emirates NBD stock at the Dubai Financial Market (DFM). Market data reveals that the trade involved a total of 5.7 million shares, amounting to a value surpassing AED100.5 million ($27.36 million). The transaction occurred at a price of AED17.5.
Direct large transactions are executed outside the order book and do not impact the closing price of the company’s shares or the price index. Furthermore, they have no effect on the highest and lowest prices recorded during the session or within the past 52 weeks.
Read more: DFM thrives with 34,818 new investor registrations, over 2.57 million deals
On 1 February, 2024, DFM experienced an increase in market capitalization of around AED7 billion ($1.91 billion), driven by gains in prominent banking and real estate stocks.
Emirates NBD emerged as the most active stock on the DFM, attracting liquidity of approximately AED115.8 million. It concluded the day with a 0.56 percent increase, closing at AED17.8. Following closely was Dubai Islamic Bank, which garnered AED55.9 million in liquidity and closed at AED6.39, marking a 1.1 percent rise. Additionally, Emaar Properties achieved a liquidity worth AED53.4 million and concluded the day at AED7.54, reflecting a growth of 1.48 percent.
On September 2023, DFM announced that during the initial eight months of the current fiscal year, brokerage firms operating in DFM saw a significant increase in the number of new investor registrations, reaching a total of 34,818 New Investor Numbers (NIN).
This upsurge in new investor registrations coincides with increased market activity triggered by the listing of ten government and semi-government entities. Notable additions to the market include Dubai Electricity and Water Authority (DEWA), TECOM Group, Union Coop, Salik, Empower, Taaleem, and Al Ansari Financial Services. These listings have substantially enhanced the market‘s attractiveness and attracted a diverse range of new investors.
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