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Gulf Navigation Share Deal on Dubai Stock

Gulf Navigation Share Deal on Dubai Stock

The Dubai Financial Market executed a major transaction in the Gulf Navigation stock worth 55.1 million dirhams, involving 18.1 million shares traded at a price of 3.05 dirhams per share, representing 0.6% of the company's capital. This transaction is part of the direct large deal service launched by the market in 2016, which allows the execution of large trades without being affected by the usual price limits, provided that the execution price does not exceed ±25% of the previous closing price of the stock.

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