Cairo & Alexandria Stock Exchanges Implemented Same Day Trading

Within the framework of Cairo & Alexandria Stock Exchanges (CASE) current plan to increase market depth and liquidity, the Exchange has formulated new rules to arrange the Same Day Trading activities. In that respect, the Egyptian Capital Market Authority (CMA) issued Decree No. 24 that introduced the “Same Day Trading” concept for the first time to the Egyptian market, which came into force on October 20th, 2005.

In order to ensure investor protection and stability in the market, and for the benefit of the market participants, the CMA retains the right to suspend any violating member firms or modify the daily transactions value of the member firm.