The Amendment of Article / 35/ of the trading instructions and re-activation of paragraph (b)

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The Amendment of Article / 35/ of the trading instructions and re-activation of paragraph (b)

The Board members of Damascus Securities Exchange issued decision No. / 1058 / in order to amend Article / 35 / of the trading instructions and re-activation of paragraph (b). The decision has executed as of the trading session of Thursday, Sep 1st 2016 to become as following:
 
 A-Should a Security be demand on the limit up and no orders were placed on the other side of the order book, and the orders (all or part of it) stayed on the Trading System for the limited time mentioned in paragraph C, then the limit up price shall become the Reference Price and the limits will be recalculated according to the new Reference Price.

B– Should a Security be offered on the limit down and no orders were placed on the other side of the order book, and the orders (all or part of it) stayed on the Trading System for the limited time mentioned in paragraph C, then the limit down price shall become the Reference Price and the limits will be recalculated according to the new Reference Price.

C-The terms of activation paragraph A and B shall be as following:

1. If no trades on the security were executed for three sessions in row.
2. If the orders placed on the system entered as an “Open order” and belong to ten investors at least who don’t relate to the issuing company or the Brokers.

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