Today: 17 October 2025
28 December 2023
1 min read

DFM Records Major Trades: 175.3M Shares, AED87.2M Value

The second transaction comprised 6.3 million ‘SHUAA Capital’ shares, valued at AED1.26 million, conducted at a rate of AED0.2 per share…reports Asian Lite News

The Dubai Financial Market (DFM) conducted three substantial deals directly involving shares of ‘Takaful Emarat,’ ‘SHUAA Capital,’ and ‘Salama – Islamic Arab Insurance’, totalling 175.3 million shares with a combined value of AED87.2 million.

As per DFM’s data, the first deal involved 44.2 million ‘Takaful Emarat’ shares, valued at AED18.5 million, traded at an execution price of AED0.419 per share.

The second transaction comprised 6.3 million ‘SHUAA Capital’ shares, valued at AED1.26 million, conducted at a rate of AED0.2 per share.

Simultaneously, the third deal involved 124.8 million shares of ‘Salama – Islamic Arab Insurance,’ valued at AED67.4 million, traded at a price of AED0.54 per share.

These substantial transactions, commonly known as block deals, enable local market investors and brokerage firms to conduct such trades on listed company stocks without being restricted by typical market price limits.

ALSO READ: UAE: A Holiday Haven Beckons Global Tourists

Previous Story

UAE Stocks Surge, Market Cap Jumps

Next Story

MoHAP, WHO Join Hands to Boost Healthcare Surveillance

Latest from -Top News

Kerala CM begins Gulf tour

Kerala CM Pinarayi Vijayan begins Gulf tour in Bahrain, engaging expatriate community and promoting welfare initiatives for NRKs, strengthening diaspora ties and showcasing Kerala’s development achievements….reports Asian Lite News Kerala Chief Minister

Green gold beneath the waves

Abu Dhabi, EAD and TotalEnergies launch seagrass restoration programme to protect marine biodiversity, store carbon, support dugongs, enhance fisheries, and lead global climate action initiatives….reports Asian Lite News As part of its

Microsoft joins UAE money push

The MoU sets the stage for a strategic partnership aimed at integrating AI across the UAE’s investment ecosystem….reports Asian Lite News The Ministry of Investment and Microsoft have signed a Memorandum of

EDGE unleashes cyber shield

The flagship platform, PROTECTION360, expands EDGE’s capabilities in continuous attack surface management….reports Asian Lite News EDGE, the UAE-based global advanced technology and defence conglomerate, has unveiled a suite of four cutting-edge cyber

UAE strengthens ties with WEF

During discussions, Sheikha Latifa highlighted the UAE’s commitment to fostering international collaboration and building frameworks that support forward-looking solutions to global challenges….reports Asian Lite News H.H. Sheikha Latifa bint Mohammed bin Rashid
Go toTop

Don't Miss

 ‘Plant the Emirates’

His Highness Sheikh Mohammed said the goal is to embed

Mexico-UAE bilateral trade grows 38% in 5 years

Mexico-UAE bilateral trade has witnessed an approximate 38 percent upsurge