Egyptian Exchange: New trading mechanism starting on Nilex

Egyptian Exchange: New trading mechanism starting on Nilex

10/11/2011

Nilex market will start operating, effective Sunday November 13th, on a continuous trading basis, similar to the main market. The trading session shall commence at 10.30 am and will end at 11.30 am. Price limits will be allowed to fluctuate 5% up and down during the trading session. The closing price, during and at the end of the session, will be calculated according to the volume weighted average price, provided a minimum value trading of EGP 20,000 per day, or its equivalent in other foreign currency, is concluded.