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EGX announces limits of Arab Aluminum’s price moves, trading halts

EGX announces limits of Arab Aluminum’s price moves, trading halts

ArabFinance: The Egyptian Stock Exchange (EGX) announced the limits of a price move and trading halt downward for Arab Aluminum (ALUM) share at 18.145% and 13.597%, respectively, of the closing price of April-5th session.

The EGX's decision has come based on that the value of cash dividends is greater than the EGX's trading halts and less than its price move limits.

It is worth mentioning that the limits of trading halt and price move upward will be unchanged.

Arab Aluminum decided to distribute cash dividends of EGP 1.00 per share payable on April 8th to shareholders recorded on April 5th.

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