EGX, FRA, & MCDR officials met yesterday to discuss the recently announced basket of incentives to support the EGX & boost investment.
What happened ♀️ Following the meeting it was agreed that the newly set margin trading rules will be postponed for six months, from January 2022 to June 2022, pending more research from all parties involved.
Trading fees on the EGX are set to be reduced by 20%, with the aim of increasing trading volumes. Trading fees range from those owed to the EGX, FRA, MCDR, & the Investor Protection Fund.
It was also agreed to maintain the price limits for share movements, & to re-examine the criteria for the pre-close auction during the trading session.
