Move comes as Dubai and Abu Dhabi's main stock indexes are both down 32% this month as Covid-19 hits financial markets globally
The UAE has imposed a 5 percent daily lower fluctuation limit for shares from Wednesday as markets in Dubai and Abu Dhabi joined a global rout.
Some shares may be allowed to drop as much as 7 percent, according to a statement posted on the website of the Securities & Commodities Authority.
It didn’t provide further details.
Dubai and Abu Dhabi’s main stock indexes are both down 32 percent this month. The previous fluctuation limit was 10 percent.market news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.