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The Egyptian Stock Exchange restores the stock price limits

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The Egyptian Stock Exchange said that it will restore the price limits of shares at 20 percent, up or down, starting next month, in return to the previous system in force before 2011.

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It added in a statement on Sunday that the amendment will be implemented starting from the beginning of next September throughout the trading session hours.

In February 2011, the Financial Supervisory Authority in Egypt had taken precautionary decisions to protect the market from fluctuations after the January revolution.

These measures included stopping the exploratory session and changing the price limits on the shares listed on the stock exchange so that the maximum drop or rise would then be 10% instead of 20%.

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