Dubai Financial Market (DFM) today announced that it is amending the limit down cap of listed securities from 10% to 5% as of trading session of Wednesday 18th March 2020 and until further notice, while the limit up cap remains on its current level of 15%.
This step is in line with the decision of His Excellency Sultan Bin Saeed Al Mansoori, Minister of Economy and Chairman of the Securities and Commodities Authority (SCA) in this regard.
Commenting on this development, His Excellency Essa Kazim, Chairman of the Dubai Financial Market said: “DFM always keeps a close eye on market developments and activity in order to take all the necessary actions to contain fluctuations, especially the recent fluctuations due to the Coronavirus. Today’s measure is a result of DFM and SCA’s joint efforts to contain these fluctuations. The DFM will observe the implementation of the new fluctuation band to take any potential measures and amendments in line with the market circumstances.”
