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Gulf Navigation shares trade 55.1M dirhams on Dubai Exchange
The Dubai Financial Market executed a large transaction involving Gulf Navigation Holding shares, with a total value of 55.1 million dirhams. The deal involved 18.1 million shares, representing 0.6% of the company's capital, at a price of 3.05 dirhams per share. The market applied the Direct Large-Scale Transactions service, launched in May 2016, which allows for such deals to be conducted without restrictions on the usual price ranges, provided that the specified transaction price does not exceed or fall short of the previous day's closing price by more than 25%.
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