New EGX Regulations

Kazem Ramadan
Modified on: Mon, 21 Mar, 2022 at 12:55 PM

-

The EGX has announced the following new regulations, effective Sunday 5 September 2021:

  1. Limits on share price movements are increasing from 10% to 20% for the EGX, and from 5% to 10% for the NILEX
  2. A new closing price methodology that uses a 30-minute moving-volume weighted average price (moving VWAP) will be implemented, which takes into account the traded volume during the last 30 minutes for transactions with a minimum value of EGP 100,000. This new methodology comes in place of calculating the VWAP for the entire trading session.
  3. Every trading session at 2:15 PM there will be a "Pre-Close Auction", where investors will be able to put buy and sell (limit) orders, but the orders won’t be executed. They will instead be used to come up with a “pre-close adjusted” price around 2:25 PM, once the pre-close auction is over. Trading resumes around 2:25 PM at the new pre-close adjusted price. For the full EGX disclosure click here.


Did you find it helpful? Yes No

Send feedback
Sorry we couldn't be helpful. Help us improve this article with your feedback.