EGYPT: Egyptian Exchange Increases Amount of Tradable Stocks

Wednesday July 11 2018

This Egyptian Exchange (EGX) has increased the amount of tradable stock. The decision will allow trades on shares to be 1/10000 instead 1/20000 and gives the investor the right to trade on the same stock more than once per day. This decision was approved by the Financial Regulatory Authority (FRA) after examining EGX in this matter and discussing this topic with all parties before moving this forward for the benefit of the market. This decision could reflect positively on the market especially in the possibility of raising stocks, increasing liquidity and attracting investment to the market. This decision was implemented with the intention to increase the development of the exchange and aim for a more diversified market with diversified trading options and products for the investors benefit.

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