ArabFinance: The Egyptian Exchange (EGX) has set the limit down of Paints and Chemical Industries (Pachin Paints) at 14.559%, according to the EGXs January 24th filing.
The circuit breaker of the companys stock is also set at a limit down level of 9.813%, the EGX disclosure added.
The stocks price movement limits will be effective as of the closing session of the ex-dividend date on January 24th.
The EGXs decision came after the companys announcement of distributing cash dividends of EGP 1 per share.
Pachin Paints will distribute cash dividends of EGP 1 per share on two equal tranches, the statement highlighted.
Paints and Chemical Industries Company (PACHIN) is an Egypt-based public shareholding company engaged in the production, marketing and distribution of paints, varnishes, industrial chemicals, printing inks, animal extracts and other related products.
Copyright 2021 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).