Tuesday May 21 2013

News Source: Global Exchanges

Focus: Holidays and Opening Hours and suspensions

Type: General




Referring to the Egyptian Financial Supervisory Authority (EFSA) decree to resume same day trading for shares as of 23 May 2013 trading session, The Egyptian Exchange (EGX) would like to announce added features to this mechanism for dealers:

First: The possibility to buy part or all of the quantity sold from the client balances in the same trading session. This is in addition to what was applied before; selling all or part of the purchased quantity in the same trading session.

Second: Settlement of cash and paper-based centres for those transactions instantly through MCDR, given that clearing and settlement of the related trading transactions will have the same normal settlement date for the rest of the dealing parties.

Third: the possibility of client’s selling part or all of its total available balance -after re-purchase- in the following day trading session.

Click on the above link for more details.