UAE implements tighter decline limit for listed stocks

The Securities and Commodities Authority earlier imposed a 5 percent limit down cap. (AFP)
Short Url
Updated 18 March 2020

UAE implements tighter decline limit for listed stocks

DUBAI: The UAE two major bourses are implementing a tighter limit down cap of listed securities starting Wednesday as a precaution against market volatility because of the coronavirus outbreak.

The Securities and Commodities Authority (SCA) earlier imposed a 5 percent limit down cap, from 10 percent previously, while the limit up cap remained on its current level of 15 percent.

Some shares may be allowed to drop as much as 7 percent as per evaluative criteria subject to SCA’s approval, according to the decision issued by UAE economy minister Sultan bin Saeed Al-Mansouri, who is also chairman of SCA, in a bid to mitigate market losses amid a free fall in share prices on coronavirus concerns.


Spain’s international tourist arrivals drop 98% in June

Updated 03 August 2020

Spain’s international tourist arrivals drop 98% in June

  • Over the first six months of the year some 10.8 million foreign tourists visited Spain

MADRID: International tourist arrivals to Spain fell 98% year on year in June, official statistics released on Monday showed, as the country continues to reel from the effects of the global coronavirus pandemic.
Over the first six months of the year some 10.8 million foreign tourists visited Spain, around 72 percent less than in the same period of 2019, the National Statistics Institute said.