DFM conducts major direct deals on 5 million shares of Gulf Navigation Holding

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