EGX sets Cairo for Educational Affairs' stock limit down

Updated 12/29/2020 3:26:00 PM

ArabFinance: The Egyptian Exchange (EGX) set the limit down of Cairo for Educational Affairs at 16.790%, according to the company’s December 29th filing.

The circuit breaker of the company’s stock is also set at a limit down the level of 12.167%, the EGX disclosure added.

The stocks’ price movement limits will be effective as of the closing session of the ex-dividend date on December 29th.

The EGX’s decision came after the company’s announcement of distributing cash dividends of EGP 0.9 per share on January 3rd.