The EGX is looking into introducing a new mechanism to calculate the closing price of shares, which is currently calculated based on the average price at which a share is traded and the volume of trade over the course of the day, EGX boss Mohamed Farid tells Al Mal. New scenarios under study include using the average price during the last hour of the trading day or only using the volume of trade, according to Farid. The EGX will ship over its proposal to the Financial Regulatory Authority (FRA) for approval.

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