DFM adopts modified Tick Size

The Dubai Financial Market has announced that it will apply the three decimal Tick Size system only on securities with a market value below AED 1, as of Thursday, March 11th 2010. This will allow investors to trade in these securities with fractions of one Fills. Meanwhile, the Tick Size will see no change for securities with a market value ranging from AED 1 to AED 10 which will continue to be traded with the unit of 1 Fills. Furthermore, securities with a market value above AED 10, will also continue to be traded with the unit of 5 Fills.