The Abu Dhabi Securities Exchange (ADX) has raised the price ceiling by which a stock can rise to 15 per cent from 10 per cent and kept its floor at 10 per cent, bringing its trading practices in line with Dubai.
The stock market also amended the mechanism by which it determined the closing price for a stock, which it says offers a better reflection of its true value.
"Investors have been asking for these changes for some time," said Rashed Al Baloushi, the ADX chief executive.
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