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EGX amends temporary suspension limits

EGX amends temporary suspension limits

ArabFinance: The Egyptian Exchange (EGX), in coordination with the Financial Regulatory Authority (FRA), has decided to amend the temporary suspension limits, upon which trading sessions would be suspended when the small- and mid-cap EGX70 equal-weight index (EWI) drops by 10%, instead of 5%.

Moreover, trading sessions would be closed if the EGX100EWI plunged by 20%, instead of 10%, the EGX added in a statement.

This decision came in line with the amendment of the price limits on stocks.

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