December 28, 2023
1 min read

DFM Records Major Trades: 175.3M Shares, AED87.2M Value

The second transaction comprised 6.3 million ‘SHUAA Capital’ shares, valued at AED1.26 million, conducted at a rate of AED0.2 per share…reports Asian Lite News

The Dubai Financial Market (DFM) conducted three substantial deals directly involving shares of ‘Takaful Emarat,’ ‘SHUAA Capital,’ and ‘Salama – Islamic Arab Insurance’, totalling 175.3 million shares with a combined value of AED87.2 million.

As per DFM’s data, the first deal involved 44.2 million ‘Takaful Emarat’ shares, valued at AED18.5 million, traded at an execution price of AED0.419 per share.

The second transaction comprised 6.3 million ‘SHUAA Capital’ shares, valued at AED1.26 million, conducted at a rate of AED0.2 per share.

Simultaneously, the third deal involved 124.8 million shares of ‘Salama – Islamic Arab Insurance,’ valued at AED67.4 million, traded at a price of AED0.54 per share.

These substantial transactions, commonly known as block deals, enable local market investors and brokerage firms to conduct such trades on listed company stocks without being restricted by typical market price limits.

ALSO READ: UAE: A Holiday Haven Beckons Global Tourists

Previous Story

UAE Stocks Surge, Market Cap Jumps

Next Story

MoHAP, WHO Join Hands to Boost Healthcare Surveillance

Latest from -Top News

China Doubles Down in Pacific

The Government of New Zealand raised concern as China conducted this second live firing exercise following the warning on Friday and Saturday….reports Asian Lite News In yet another provocative act, China conducted

India Urges Bangladesh to Reject Terrorism

The EAM had held a series of meetings with his counterparts from the neighbouring countries, including Bangladesh, on the sidelines of the Indian Ocean Conference in Muscat, on February 16…reports Asian Lite

Mauritius Welcomes Modi for National Day

Over the past many years, the Indian government led by Prime Minister Narendra Modi has underlined New Delhi’s unwavering commitment to its special and enduring partnership with Mauritius….reports Asian Lite News Prime

Kash Patel Takes Charge at FBI

Kashyap Pramod Vinod Pate 44, becomes the ninth Director of the FBI and the first of India and Asian descent…reports Asian Lite News Kash Patel said on Friday that the American dream

Rushdie Attacker Found Guilty

Hadi Matar, 27, now faces a sentence of more than 30 years in prison, along with federal terrorism-related charges…reports Asian Lite News A New Jersey man who stabbed renowned British-Indian author Salman
Go toTop

Don't Miss

Crown Prince MBZ to visit Turkey for diplomatic talks

The visit, which will include talks with Turkish President Tayyip

Golden Fork announces AED 10 Mn expansion

Mohammed also shed light on the brand’s ongoing sustainability initiatives…reports