Business

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44 large direct deals on IHC worth $1.205 bn at ADX Thursday

ADX gains $1.90bn on strong performances from bank stocks.
By TRENDS Desk
December 22, 2023 9:38 am
  • Large direct deals are trades that are executed outside the order book and do not affect the closing price of the relevant company's stock
  • They also do not affect the highest and lowest prices executed during the session and during the last 52 weeks

Abu Dhabi, UAE – A wave of 44 large direct deals swept over the International Holding Company (IHC) shares on the Abu Dhabi Securities Exchange (ADX) on Thursday.

According to ADX data, the deals were executed on 11.159 million stocks worth AED4.458 billion ($1.205 billion) at a price of AED399.5 (107.865) per share.

Large direct deals are trades that are executed outside the order book and do not affect the closing price of the relevant company’s stock or the price index. They also do not affect the highest and lowest prices executed during the session and during the last 52 weeks.

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