Bourse: 51 companies with a list of shares allowed to trade them with 3 decimal points

Economy and stock exchange

The bourse announced the list of securities allowed to trade on three decimal points during the coming week, based on closing prices on Thursday, and included 51 companies, after not excluded or add any new securities.

The Egyptian Financial Supervisory Authority [EFSA] has agreed to amend the bidding unit to be one in one thousand of the Egyptian pound or the foreign currency in which the securities are registered. For securities whose market value is less than LE 2 or any other currency, To be placed in a special list. The list is reviewed weekly to the maximum in the light of daily price changes, including those resulting from issuer decisions and affect the market price to list and exclude securities.

Mohamed Farid, head of the bourse, said in a previous statement that the development of the auction system enhances the trading and liquidity of the market and avoids those shares whose market value is below the level of "2 pounds or any other currency," the suspension because of price limits, adding that the development of the bidding system came in line with The best international standards and practices to allow greater flexibility in trading to encourage the availability of a higher price range for low-price securities. The comparative study prepared by the stock exchange in this regard has led many emerging and advanced stock exchanges to set the minimum bid unit according to the price level of the stock, Nha stock markets France, Austria, Malaysia, Singapore and Hong Kong, and this would boost liquidity and stimulate the circulation of public and private placements through the capital market.

Money bills

Money bills

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