Dubai Financial Market Implements Pre-Closing Session as of 14th May 2014

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Dubai Financial Market Implements Pre-Closing Session as of 14th May 2014

Dubai Financial Market (DFM) announced on May 11th 2014 that it will implement a Pre-Closing Session mechanism to determine the Closing Price of Equity and Debt Securities traded on DFM as of Wednesday, 14th May 2014.

This step is part of DFM’s constant efforts to further enhance market infrastructure in line with the international best practices as most of developed exchanges implement this mechanism.

The Pre-Closing Session will run for 10 minutes from 13:50 to 14:00 and will enable brokers to place orders at the investor’s per-defined price where the orders are accumulated for execution by market closing at 2 PM.

The execution price is considered the closing price of the share.

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