The Egyptian Exchange (EGX) finished the monthly revision of the weighted turnover rate of free floated shares during the latest 3 months to enable the listed companies to study the revision's results.
EGX started to do this revision on a monthly basis since beginning of Feb 2014 to get the cycle of the listing procedures approved by the Egyptian Financial Supervisory Authority (EFSA) earlier.
The latest revision's results indicated that the turnover rate reached 79% in the last three months. Closing price reached 6 pounds, which is less than 25% of the total shares listed in the previous month.
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FTSE Mondo Visione Exchanges Index:
EGX Finished The Monthly Revision Of The Weighted Turnover Rate Of Free Floated Shares
Date 07/04/2014