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EGX sets EIPICO's stock limit down

EGX sets EIPICO's stock limit down

ArabFinance: The Egyptian Exchange (EGX) has set the limit down of  Egyptian International Pharmaceutical Industries Company (EIPICO) (PHAR) at 16.19%, according to the company’s April 25th filing.

The circuit breaker of the company’s stock is also set at a limit down level of 11.53%, the EGX disclosure added.

The stocks’ price movement limits will be effective as of the closing session of the ex-dividend date on April 25th.

The EGX’s decision came after the company’s announcement of distributing cash dividends of EGP 2.952 per share on April 28th.

The company’s consolidated net profit reached EGP 487.4 million in 2020.  

EIPICO is an Egypt-based public shareholding company that operates in the pharmaceutical industry. It is a manufacturer and exporter of pharmaceuticals and holds license agreements with a group of international

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04 Oct 2021
United Housing & Development UNIT

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