Economy Local November 14, 2024

Major Transactions in Abu Dhabi Market

The Abu Dhabi stock market witnessed 10 significant transactions involving ADNOC Drilling shares valued at 220.5 million AED, totaling 42 million shares at a price of 5.25 AED per share.


Major Transactions in Abu Dhabi Market

According to the latest data, 10 major transactions involving the shares of Abu Dhabi National Oil Company (ADNOC) were concluded on the Abu Dhabi Exchange for a total sum of 220.5 million dirhams. These transactions included the acquisition of 42 million shares priced at 5.25 dirhams per share.

This event reflects the active interest of investors in ADNOC shares and signals confidence in the company's prospects. Such transactions contribute to strengthening ADNOC's position in the market and may influence the future price dynamics of their shares.

In this regard, a representative of the exchange stated: "Such a high volume of transactions indicates the stability and attractiveness of ADNOC shares for investors. We expect similar transactions to continue, further contributing to the development of the securities market in the region."