Monday August 19 2013

News Source: Global Exchanges

Focus: General - Global Exchanges

Type: General




The Egyptian Financial Supervisory Authority(EFSA) and the Egyptian Exchange (EGX) met and agreed on the following:

– As a general rule, both entities resort to taking new precautions only when necessary needed and mandated by the current political situation of the country.

– The most important goals of sustaining regular trading is to insure liquidity for investors

– EGX`s activities are linked by the banking sector, as determined by the Central Bank of Egypt, for clearing and settlement purpose.

– Continuous follow-up on disclosure of listed companies of any significant developments or effects experienced as a result of the current situation.

EFSA & EGX also insured that highest security procedures were taken to secure operation in the market.

Both entities will keep market members informed with any new updates related to the market.

Click on the above link for more details.