Dubai Financial Market unveils 2006 biannual 'More Active Stocks' list

The 'More Active Stocks' category now includes 13 companies namely: Tamweel, Amlak, Islamic Arab Insurance Company, Arabtec, Aramex, Tabreed, Dubai Investment Company, Emaar, Aman, Du, Shuaa Capital, Dubai Islamic Bank and Union Properties.

The 'More Active Stocks' category allows share prices to move up or down by a maximum of 15% during one trading session. As opposed to this, the circuit limit for 'Less Active Stocks' shares to move up or down is a maximum of 5% during one trading session.

As a policy, all listed companies are evaluated every six months based on which each company would fall in 'More Active Stocks'. The following parameters are applied to categorize stocks:


• The total traded volume of a security should not be less than 1% of the total traded volume of the market during the six month period

• Total traded volume of a listed company should not be less that 10% of its total shares the six month period.

• Companies should be listed on the Dubai Financial Market as a primary market.

• Number of days on which a company's shares are traded should be at least 50% of the total trading days during the six month period.

• The number of trades in a company's shares should not be less than 150 transactions during the six month period.

• The number of traded shares should not be less than 500,000 shares during the six month period.

• The total traded value of shares should not be less than AED100 million during the six month period.

Companies that do not meet these standards will be classified under the 'Less Active' category, and therefore subject to the 5% price movement limit.