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.
You might also like...
Iraq signs deal to develop the Akkas gas field
25 April 2024
Emaar appoints beachfront project contractor
25 April 2024
Acwa Power signs $356m Barka extension
25 April 2024
AD Ports secures Angola port concession agreement
25 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.