Dubai Sets Trade Band on 20 Stocks at 15pc

DUBAI - Dubai’s stock exchange said on Tuesday it had set the daily trading band on 20 stocks at 15 per cent.

By Reuters

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Published: Thu 22 Jan 2009, 1:17 AM

Last updated: Thu 2 Apr 2015, 4:30 AM

The 20 stocks, which were the most actively traded in the last six months of 2008, will be allowed to rise or fall as much as 15 per cent in a single day, the Dubai bourse said in a statement. All other listed companies will be allowed to move no more than 5 per cent, it said.

The stocks with a 15-percent trading band are as follow: Dubai Islamic Insurance & Reinsurance; Gulf Navigation Holding; Aramex; Shuaa Capital; National Central Cooling Co.; Islamic Arab Insurance Co; Arabtec Holding; Tamweel; Amlak Finance; Dubai Investments Co; Union Properties; Deyaar; Dubai Islamic Bank;Dubai Financial Market Co; Emaar Properties; Takaful House;Takaful Emarat; Air Arabia; Ajman Bank and Gulf General Investment Co.

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