EGX decisions to be applied on the market starting today Sunday 14.10.2018

Sunday, 14 October 2018

Within the framework of the ongoing cooperation between the Egyptian Exchange (EGX) and the Financial Regulatory Authority (FRA) to develop trading mechanisms and raise market’s efficiency, EGX will start the implementation of two decisions of EGX Board of Directors after FRA’s approval starting today, namely; I. reduce the trading halt of shares to a maximum of 10 minutes and II. Allowing margin trading and same day trading on new IPOs.
Mohamed Farid, EGX Chairman, commented that EGX’s management exerts all efforts to improve trading mechanisms to enhance liquidity and market activity