Egypt's EGX announces new rules for temporary trading suspension limit

The trading will be suspended until the end of the trading session, if the index goes up or down by 20%

  
The Egyptian Exchange bell is seen at the stock exchange in Cairo, March 12, 2015.

The Egyptian Exchange bell is seen at the stock exchange in Cairo, March 12, 2015.

REUTERS/Mohamed Abd El Ghany

Cairo –  The Egyptian Exchange (EGX) announced new rules under which trading will be temporarily halted when the EGX100 EWI moves up or down by 10% within the day’s trading session, compared to a previous limit of 5%.

The trading will be suspended until the end of the trading session, if the index goes up or down by 20%, compared to a prior limit of 10%, the EGX said in a statement on Wednesday.

These rules are amended in coordination with the Financial Regulatory Authority (FRA).

Source: Mubasher

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