Dubai Financial Market sees $18.39mln direct deal on Al Ramz Corporation shares

Christopher Pike

According to DFM data, the deal was executed on 48.2mln shares

Staff Writer, WAM (Emirates News Agency)

December 30, 2023

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DUBAI – The Dubai Financial Market (DFM) has witnessed the execution of a large direct deal on the shares of Al Ramz Corporation Investment and Development PJSC with a total value of AED67.5 million.

According to DFM data, the deal was executed on 48.2 million shares at an execution price of AED1.4.

Large (automated) deals are offered by local markets to investors and brokerage firms, enabling the completion of such deals on the shares of a listed company without being bound by the price range limits in force in the market.

Large direct deals executed do not affect the closing price of the shares of the company concerned or the general index. They also do not affect the highest and lowest prices executed during the session or during the last 52 weeks.

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