EGX raises daily limit on intraday trading

REGULATION WATCH- EGX raises daily limit on intraday trading: The EGX has begun raising the daily limit on the percentage of shares that can be traded intraday, the bourse said in a statement on Monday. The daily limit was doubled to 0.01% of a company’s total shares, from 0.005%. The new regulations also allow brokers to trade on the same stock multiple times in the same day. The change, on which the Financial Regulatory Authority signed off last month, was published in the Official Gazette, the statement noted.