News Details
FRA Grants EGX’s Proposal on Circuit Breakers
23/03/2020
23 March 2020
  The Egyptian Financial Regulatory Authority (FRA) approved a proposal submitted by The Egyptian Exchange (EGX) to cease applying circuit breaker upon EGX100 index +5% and continuing applying suspension of trade in case of EGX100 -5%.  The proposal was a result of a study done by EGX on international markets and reviewing a report of the World Federation of Exchanges (WFE) studying markets responses to severe market fluctuations. 
  This comes as one of The Egyptian Exchange (EGX) and The Egyptian Financial Regulatory Authority (FRA) efforts for the development of the Egyptian capital market.