Dubai Financial Market (DFM) conducted today four major Direct Deal Transactions (DDT) on 5 million shares of the Gulf Navigation Holding PJSC worth AED 20 million.
The company's share closed 8 percent higher at AED 5.4 after trading of more than 13.6 million shares at the value of AED 72.6 million through 1,166 deals.
DFM introduced a new market procedure on Direct Deal Transactions (DDT) on 7th March.
DDTs are off-market transactions executed outside the Order Book and are considered a type of block trade.
News Source: Emirates News Agency
