»SCA» Lower the maximum limits for the stock’s decline to 5%

»SCA» Lower the maximum limits for the stock’s decline to 5%

Reda Mosallam, partner and general manager of “Truth” Economic and Management Consultancy Company, said that the SCA’s lowering of the maximum levels of stock decline in the current circumstances represents an important and appropriate decision for the current period in which our local markets witness unjustified and exaggerated declines.

 

Mosallam added that the Authority has, over the past years, established regulations and enacted the necessary laws for the markets, but in light of the current emergency conditions, the Authority has the right to amend some rules in order to maintain markets and protect investors from the developments that the world is currently witnessing. He pointed out that the decision will give investors enough time to wait and study the situation before making further sales.

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