Dubai Financial Market unveils More Active Stocks list for first half of 2007

The list now includes 15 companies, namely: Tamweel, Amlak, Islamic Arab Insurance Company, Arabtec, Aramex, Tabreed, Dubai Investment Company, Emaar, Aman, Du, Shuaa Capital, Dubai Islamic Bank, Union Properties, Dubai Financial Market Company and Gulf Navigation Company.

The "More Active Stocks" category allows share prices to move up or down by a maximum of 15 per cent 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 per cent during one trading session.

As a policy, all listed companies are evaluated every six months. A set of parameters are applied to categorize stocks. The total traded volume of a security should not be less than 1 per cent of the total traded volume of the market during the six month period.

According to the parameters, the total traded volume of a listed company should not be less that 10 per cent of its total shares in the six month period. Also, companies should be listed on the Dubai Financial Market as a primary market. The number of days in which a company's shares are traded should be at least 50 per cent of the total trading days during the six month period.

As per these standards, the number of trades in a company's shares should not be less than 150 transactions during the six month period. Also, the number of traded shares should not be less than 500,000 during the six month period. Total traded value of shares should not be less than AED100 million during the six month period.

Companies that do not meet these criteria will be classified under the "Less Active" category, and therefore subject to the 5 per cent price movement limit.