UAE Cabinet raises daily decline limit in shares to 10% from February 28
The development comes in implementation of a cabinet decision.
Stocks listed on the UAE’s bourses will see their limit cap rising to 10 per cent from the current five per cent, effective February 28th, the Abu Dhabi and Dubai markets said on Wednesday.
The development comes in implementation of a cabinet decision whereby the stock markets shall revert back to the above mentioned cap from the 5 per cent one, which was set in March 2020.
The new cap means that share prices of each listed company can now drop by a maximum of 10 per cent, instead of five per cent.
The Securities and Commodities Authority in March 2020 decided to reduce the limit cap per day to five per cent of the last closing price in order to contain the fluctuations, triggered by the coronavirus.
Makers of parts, some of which already being sold abroad, 'can beat... READ MORE
Businesses, individuals relying more on its wide reach and is... READ MORE
Partnership poised to address shortage in the number of quaternary... READ MORE
Saudi Arabia has an opportunity to drive technology-led productivity... READ MORE
Leaders from 40 countries attend two-day virtual summit convened by... READ MORE
Ministers say cargo flights will continue to fly READ MORE
The NCEMA and the GCAA said the suspension applies to all UAE-based... READ MORE
The fire broke out in the ICU of the hospital. READ MORE