Oman bourse cuts free-floating days of newly listed stocks

Muscat: Muscat bourse on Monday said that the exchange has decided to reduce the number of free floating days for newly listed shares to one day from three days earlier.
The normal share trading, which is subject to a circuit breaker (which is a safety net) of 10 per cent fluctuation, will be applied from the second day in teh case of newly listed shares as well. The circuit breaker helps bring in stability on the Muscat Securities Market as it checks the shares to go down or move up beyond 10 per cent on a single trading session.