EGX: Experimental Session For New Closing Price Regulation On Sept 5th

By Yomna Yasser On Sep 2, 2012

The Egyptian Exchange (EGX) will be holding an experimental session on September 5^th, 2012 to review the new regulations on the determinants of the closing prices for the shares listed in the main market as well as the in NILEX. The session will be from 02:45 till 3:30 p.m. (12:45 – 01:30 GMT).

One of the brokerage firms representatives shall attend the session inside the trading hall of whether Cairo or Alex. Further two brokerage firms representatives shall also attend the session from the back offices of the bourse so as to make distance transactions.

Worth mentioning, during the session, it is agreed on not making price limits on securities and on not holding exploratory sessions.