UAE Cabinet raises daily decline limit in shares to 10% from February 28
Wam/Abu Dhabi
Filed on February 24, 2021
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. — File photo
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.