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