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EGX’s listing committee sets opening price for EKH’s stock in EGP

EGX’s listing committee sets opening price for EKH’s stock in EGP

ArabFinance: The Egyptian Exchange(EGX) announced that its listing committee has determined opening price of Egyptian Kuwaiti Holding’s (EKH) (EKHO) stock to be traded on in Egyptian pound.

The opening price of the stock’s debut trading in EGP will equal the closing price of the company’s stock traded on in US dollar during the previous trading session.

The stock price will be calculated based on the currency exchange rate of the previous day of the trading session.

Trading on the stock in EGP will be executed in accordance with the standards followed by the stock market.

Earlier this day, EKH announced that trading on the company’s shares in EGP will be effective for those who converted the trading currency as of Sunday, September 19th.

EKH is an Egypt-based investment company with a diversified portfolio of investments in sectors, including fertilizers and petrochemicals, energy, insurance, manufacturing, information technology, transport, and infrastructure.

The company has investments in 20 companies across five countries, including Egypt and Kuwait.

 

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