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.