In light of the continuous efforts of The Egyptian Exchange (EGX) and The Financial Market
Authority (FRA) to provide a stable Egyptian market for investors, EGX has submitted a
proposal adopted by FRA allowing traders 6 months instead of two for settling their
positions in margin trading and short selling in shares excluded from the lists specialized
This step will allow investors to plan long term decisions and in accordance with market
conditions, in order to ensure maximum stability in market transactions. EGX's specialized
committee reviews the lists of specialized activities in accordance with the criteria adopted
by FRA every 6 months. The committee is allowed to list new shares of new IPOs joining
EGX’s platform during the first three months of the periodic review period.
EGX will announce the list of securities allowed to trade in specialized activities, on
Monday, to be implemented starting from Tuesday's trading session.