ABU DHABI, (Pakistan Point News - 18th Mar, 2020) The Securities and Commodities Authority (SCA) has imposed a 5 percent daily lower fluctuation limit for shares effective Wednesday, March 18th, and until further notice.
A decision towards this effect has been issued by Sultan bin Saeed Al Mansouri, Minister of Economy, Chairman of SCA, in a bid to mitigate market losses amid a free fall in share prices on coronavirus concerns.
Some shares may be allowed to drop as much as 7 percent as per evaluative criteria subject to SCA's approval, according to decision.
