March 17, 2020 / 5:53 PM / 16 days ago

UAE sets new limit of 5% for stocks' daily drops as of Wednesday - WAM

DUBAI, March 17 (Reuters) - Shares in the United Arab Emirates stock exchanges will be allowed to drop a daily maximum of 5% as of Wednesday, state news agency WAM reported.

It cited a decision by the UAE’s Minister Of Economy And Chairman Of The Securities And Commodities Authority (SCA) Sultan bin Saeed al-Mansouri as saying the stock market could increase the limit to 7% for select stocks based on criteria that need to be approved by the SCA. (Reporting by Nayera Abdallah, writing by Davide Barbuscia Editing by Chizu Nomiyama)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below