EGX changes minimum limit of share's closing price

The new rules of the share's closing price stipulate that the number of traded shares should not be less than 0.5% of the stock's average daily turnover for the last three months and the value of the traded shares should not be less than EGP 300,000, or the equivalent in foreign currency, for the main market and EGP 150,000 for the small- and mid-cap market, according to a statement on Sunday.

The closing prices is calculated as follows: the conditional value = (the share's total value traded in the last three months/the number of trading days) multiplied by 0.5%.