27 Dec 2010
(MENAFN) Essa Kazim, Chief Executive Officer of Dubai Financial Market (DFM), released a statement saying that a unified fluctuation limit would take place and that it would reduce maximum weighting of a company in the benchmark index to 20 percent, reported Oman Times.
The statement also said that in one day, boundaries for increasing would be up to 15 percent, and decreasing is up to 10 percent. This would be applied from the beginning of 2011. The statement added that new terms apply only on very active stocks. Stocks that are not so active can go up and down only by five percent a day.
The CEO explained that the new policy is to stimulate trading activity on stocks that are not active at this time.
The new policy comes as shares traded DFM decreased by 54 percent in value in the duration from January to September 2010.
It is worth noting that DFM is the only stock market in the Gulf that sells directly to the public.
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more