UAE stocks to have 5 percent decline limit effective Wednesday

You are now following the details of the UAE stocks to have 5 percent decline limit effective Wednesday news and now we leave you with the details

Mohamed Nass - - The Securities and Commodities Authority (SCA) has imposed a 5 percent daily lower fluctuation limit for shares effective Wednesday, March 18th, and until further notice.

A decision towards this effect has been issued by Sultan bin Saeed Al Mansouri, Minister of Economy, Chairman of SCA, in a bid to mitigate market losses amid a free fall in share prices on coronavirus concerns.

Some shares may be allowed to drop as much as 7 percent as per evaluative criteria subject to SCA's approval, according to decision.

Follow Emirates 24|7 on Google News.

Print Email Twitter LinkedIn Whats App Pin Interest

These were the details of the news UAE stocks to have 5 percent decline limit effective Wednesday for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at emirates247 and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

NEXT Boxit raises investment to continue its growth