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UAE real estate firm Sky to invest around $1 bln in Egypt by 2023
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UAE real estate firm Sky to invest around $1 billion in Egypt by 2023
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Egypt, Israel discuss liquefying Israeli gas at Egyptian plants -joint statement
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How will we live? : Egyptian bread price hike alarms the poor
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By Reuters Staff
1 Min Read
CAIRO, Aug 1 (Reuters) - The Egyptian Stock Exchange will lift the limit on intraday share price moves to 20% from September, the bourse said on Sunday.
The stock exchange currently limits moves in share prices to 10% either up or down, after which the share is suspended. The 10% limit has been in place since February 2011 under measures introduced by Egypt’s Financial Regulatory Authority to protect the financial market from violent fluctuations after the uprising that ended the rule of President Hosni Mubarak.
Prior to then the limit had been 20%. All other precautionary measures introduced in 2011 were repealed in 2014, including a pre-opening session to determine opening prices. (Reporting by Ehab Farouk; writing by Mahmoud Mourad; editing by Susan Fenton)