UAE sets new limit of 5% for stocks’ daily drops as of Wednesday
- Date: 18-Mar-2020
- Source: Middle East Monitor
- Sector:Financial Markets
- Country:UAE
UAE sets new limit of 5% for stocks’ daily drops as of Wednesday
March 17, 2020 at 8:55 pm | Published in: Coronavirus , Middle East , News , UAE. It cited a decision by the UAE's Economy Minister 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 Securities and Commodities Authority (SCA).. The decision is valid as of Wednesday's trading session until further notice from the authority, it said..
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