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EGX sets Vertika's stock limit down

EGX sets Vertika's stock limit down

ArabFinance: The Egyptian Exchange (EGX) set the limit down of Vertika for Industry (VERT) at 21.310%, according to the EGX's disclosure.

The stocks’ price movement limits will be effective as of the closing session of the ex-dividend date on May 5th.

The EGX’s decision came after the company’s announcement of distributing cash dividends of EGP 0.285 per share on May 10th.

The company posted a net profit of EGP 864,095 in 2019, compared to net profit of EGP 582,087 in the same period a year ago.

Founded in 2005 and listed in 2013, Vertika operates within the Software and Services sector focusing on Internet Software and Services.

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