Egypt's FRA orders suspension of trading on Dice's shares

Trading will remain halted until the company responds to the FRA’s inquiries

  
The Egyptian Exchange bell is seen at the stock exchange in Cairo, April 28, 2015. Image used for illustrative purpose

The Egyptian Exchange bell is seen at the stock exchange in Cairo, April 28, 2015. Image used for illustrative purpose

REUTERS/Mohamed Abd El Ghany
Cairo – The Egyptian Financial Regulatory Authority (FRA) decided to suspend trading on the shares of Dice Sport and Casual Wear.

Trading will remain halted until the company responds to the FRA’s inquiries, according to a statement to the Egyptian Exchange (EGX) on Monday.

All orders registered on Dice’s shares prior to this announcement have been cancelled.

During the first nine months of 2020, Dice reported net losses of EGP 56.56 million, against net profits of EGP 125.29 million in the same period in 2019, including minority shareholders’ rights.

Source: Mubasher

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