MENA Newswire News Desk: The Abu Dhabi Securities Exchange (ADX) executed 15 large direct transactions today, involving shares from ADNOC Gas Plc and Modon Holding PSC. The total value of these deals reached AED2.66 billion, according to data released by the ADX. The most significant portion of the transactions involved Modon Holding, with approximately 505.8 million shares changing hands in six separate deals. These shares were traded at an execution price of AED4.83 per share, resulting in a cumulative value of AED2.44 billion.
In another major transaction, about 71.5 million shares of ADNOC Gas were exchanged in nine deals. The execution price for this transaction was AED3.05 per share, generating a total value of AED218.2 million. Large direct transactions on the ADX are executed outside the order book and are structured to not impact the closing price of the company’s shares or the overall price index. These deals also do not influence the highest and lowest trading prices during the session or over the past 52-week trading period.
Both ADNOC Gas and Modon Holding are key players in the UAE market, with strong ties to Abu Dhabi’s strategic sectors. ADNOC Gas, a subsidiary of the state-owned Abu Dhabi National Oil Company (ADNOC), is a major natural gas provider, while Modon Holding, a government-owned entity, focuses on urban development and real estate. The execution of these large deals highlights the growing investor interest in ADNOC Gas and Modon Holding. It also reflects Abu Dhabi’s continued focus on economic diversification and long-term infrastructure investments. The ADX has increasingly become a hub for significant transactions, demonstrating its importance as a financial center in the region.
