ADX logs 15 large deals on ADNOC Gas, Modon worth Dh2.66 billion

ABU DHABI (WAM)

The Abu Dhabi Securities Exchange (ADX) on Wednesday announced the execution of 15 large direct deals involving shares of ADNOC Gas Plc and Modon Holding PSC with a total value of Dh2.66 billion.

Data from the ADX showed that the first transaction was executed on about 505.8 million shares of Modon Holding, valued at Dh2.44 billion through six large transactions, with an execution price of Dh4.83 per share.

The second transaction was executed on about 71.5 million shares of ADNOC Gas, valued at Dh218.2 million through nine large transactions, with an execution price of Dh3.05 per share.

Large direct transactions are deals executed outside the order book and do not affect the closing price of the company's shares or the price index. They also do not affect the highest and lowest prices executed during the session and over the past 52 weeks.