EGX restricts Medcap trading access as “preventive measure”

The EGX has restricted brokerage firm Medcap Securities’ access to the trading system and stock exchange services as “a preventive measure,” according to a statement. No further details were provided. Medcap was formerly known as Leaders Securities before changing its name in 2015. It is currently the 78th brokerage firm in Egypt in terms of market share, according to the EGX’s most recent brokerage league table (pdf).