H.E. Sultan Al Mansoori, Minister Of Economy And Chairman UAE Securities and Commodities Authority Issues A Decision To Amend Stock Price Limit Down

 H.E. Eng. Sultan bin Saeed Al Mansoori, Minister of Economy and Chairman of the Securities and Commodities Authority (SCA), issued a decision amending the limit down on stock prices. Under the decision, stocks will have a limit down cap of 5% as of Wednesday, March, 18, until further notice.The markets may increase the limit to 7% for a number of stocks selected based on criteria determined by the markets and approved by SCA.