Sunday 13 July 2014

Dubai bourse alters tick system for stocks

Dubai, March 4, 2010

Dubai Financial Market, the Gulf Arab region's only listed exchange, is changing the way it lists stocks in a move to encourage trading, it said in a statement on Thursday.

Stocks worth less than Dh10 will now trade to three decimal places.

For securities with a value above Dh10, the minimum decimal fraction will be changed to Dh0.01 from Dh0.05, DFM said.

The changes take effect March 11. – Reuters

Tags: Dubai | stocks | trading | bourse | List |

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