Cairo – Mubasher: The Egyptian Exchange (EGX) announced that the new limits on intraday share price moves will come into effect on 5 September.
The Chairman of the EGX, Mohamed Farid, issued decision no. 681 of 2021 for setting the limit on intraday share price moves at 20% for the main market and 10% for the small- and mid-cap market, according to a statement on Thursday.
The stock will be halted for 10 minutes if it exceeded 10% in the main market and 5% in the small- and mid-cap market.
The new methodology uses a 30-minute moving-volume weighted average price (Moving VWAP), which takes into account the traded volume during the last 30 minutes that witness transactions with a minimum value of EGP 100,000.
