{"id":558013,"date":"2021-09-19T14:19:10","date_gmt":"2021-09-19T14:19:10","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/egx-updates-closing-price-mechanism\/"},"modified":"2021-09-19T14:19:10","modified_gmt":"2021-09-19T14:19:10","slug":"egx-updates-closing-price-mechanism","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/egx-updates-closing-price-mechanism\/","title":{"rendered":"EGX updates closing price mechanism"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>Updates to new share price closing mechanism on the EGX were <\/strong><strong>implemented today: <\/strong>The EGX appears to have raised the ceiling over which a new closing price would need to be determined, in a new decision by the bourse<a href=\"https:\/\/ent.news\/2021\/9\/%D8%AA%D8%B9%D8%AF%D9%8A%D9%84-%D8%B3%D8%B9%D8%B1-%D8%A7%D9%84%D8%A7%D9%82%D9%81%D8%A7%D9%84.pdf\">issued today (pdf)<\/a>. Under the decision, the minimum \u201cconditional value\u201d \u2014 a benchmark that averages the total value of transactions on a share over three months \u2014 has been raised to EGP 300k <a href=\"https:\/\/www.egx.com.eg\/en\/closing-price.aspx\">from EGP 100k previously<\/a>. Should a share\u2019s Moving Volume Weighted Average Price (MVWAP) \u2014 <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4bf63530-9d62-4496-880b-c49beed3fbb6\">used to determine the closing price of shares<\/a> \u2014 exceed EGP 300k, a new closing price will need to be taken.<\/p>\n<p><strong>THE MARKET ROUNDUP- <\/strong><\/p>\n<p><strong>The EGX30 fell 1.0% at today\u2019s close<\/strong> on turnover of EGP 1.2 bn (23.1% below the 90-day average). Foreign investors were net buyers. The index is up 0.4% YTD.<\/p>\n<p><strong>In the green: <\/strong>Abou Kir Fertilizers (+4.0%), Mopco (+3.5%) and AMOC (+1.7%).<\/p>\n<p><strong>In the red: <\/strong>Fawry (-7.3%), Egyptian Resorts Company (-5.8%) and MM Group (-4.9%).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Updates to new share price closing mechanism on the EGX were implemented today: The EGX appears to have raised the ceiling over which a new closing price would need to be determined, in a new decision by the bourseissued today (pdf). Under the decision, the minimum \u201cconditional value\u201d \u2014 a benchmark that averages the total [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7219],"tags":[68,633,642],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-558013","post","type-post","status-publish","format-standard","hentry","category-go-with-the-flow","tag-egx","tag-enterprisepm","tag-go-with-the-flow","wpautop","entry"],"acf":{"mongo_id":"2b55b0d5-2661-45e6-a78b-d160feb532f7","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[558005],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>EGX updates closing price mechanism - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/egx-updates-closing-price-mechanism\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EGX updates closing price mechanism\" \/>\n<meta property=\"og:description\" content=\"Updates to new share price closing mechanism on the EGX were implemented today: The EGX appears to have raised the ceiling over which a new closing price would need to be determined, in a new decision by the bourseissued today (pdf). Under the decision, the minimum \u201cconditional value\u201d \u2014 a benchmark that averages the total [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/egx-updates-closing-price-mechanism\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-19T14:19:10+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/egx-updates-closing-price-mechanism\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/egx-updates-closing-price-mechanism\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"EGX updates closing price mechanism\",\"datePublished\":\"2021-09-19T14:19:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/egx-updates-closing-price-mechanism\/\"},\"wordCount\":159,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EGX\",\"EnterprisePM\",\"Go with the Flow\"],\"articleSection\":[\"GO WITH THE FLOW\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/egx-updates-closing-price-mechanism\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/egx-updates-closing-price-mechanism\/\",\"name\":\"EGX updates closing price mechanism - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2021-09-19T14:19:10+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/egx-updates-closing-price-mechanism\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/egx-updates-closing-price-mechanism\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/egx-updates-closing-price-mechanism\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"EGX updates closing price mechanism\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"EGX updates closing price mechanism - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/egx-updates-closing-price-mechanism\/","og_locale":"en_US","og_type":"article","og_title":"EGX updates closing price mechanism","og_description":"Updates to new share price closing mechanism on the EGX were implemented today: The EGX appears to have raised the ceiling over which a new closing price would need to be determined, in a new decision by the bourseissued today (pdf). Under the decision, the minimum \u201cconditional value\u201d \u2014 a benchmark that averages the total [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/egx-updates-closing-price-mechanism\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2021-09-19T14:19:10+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/egx-updates-closing-price-mechanism\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/egx-updates-closing-price-mechanism\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"EGX updates closing price mechanism","datePublished":"2021-09-19T14:19:10+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/egx-updates-closing-price-mechanism\/"},"wordCount":159,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["EGX","EnterprisePM","Go with the Flow"],"articleSection":["GO WITH THE FLOW"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/egx-updates-closing-price-mechanism\/","url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/egx-updates-closing-price-mechanism\/","name":"EGX updates closing price mechanism - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2021-09-19T14:19:10+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/egx-updates-closing-price-mechanism\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/egx-updates-closing-price-mechanism\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/19\/egx-updates-closing-price-mechanism\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"EGX updates closing price mechanism"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":564367,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/26\/new-closing-share-price-mechanism-will-come-on-5-september\/","url_meta":{"origin":558013,"position":0},"title":"New closing share price mechanism will come on 5 September","author":"enterpriseam admin","date":"26 August 2021","format":false,"excerpt":"MARKET NEWS- The date for instituting the new mechanism for calculating closing share prices has been moved to Sunday, 5 September, from Thursday, 2 September, the bourse said in a statement (pdf) today. No reason was given for the push. Approved by the EGX earlier this month, a \u201cpre-close auction\u201d\u2026","rel":"","context":"In &quot;GO WITH THE FLOW&quot;","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":588315,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/06\/08\/explaining-the-egxs-new-trading-mechanism-rules\/","url_meta":{"origin":558013,"position":1},"title":"Explaining the EGX\u2019s new trading mechanism rules","author":"enterpriseam admin","date":"8 June 2023","format":false,"excerpt":"The EGX bans conditional trade mechanisms during auction sessions","rel":"","context":"In &quot;Enterprise explains&quot;","block_context":{"text":"Enterprise explains","link":"https:\/\/enterpriseam.com\/egypt\/category\/explainers\/enterprise-explains\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1552.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":576367,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/22\/the-egx-has-changed-how-it-calculates-closing-share-prices\/","url_meta":{"origin":558013,"position":2},"title":"The EGX has changed how it calculates closing share prices","author":"enterpriseam admin","date":"22 November 2020","format":false,"excerpt":"REGULATION WATCH- The EGX has changed how it calculates closing share prices: Closing share prices on the EGX will be calculated according to the volume-weighted average, as long as this meets a minimum value based on the share\u2019s trades over the preceding three months, according to an EGX statement (pdf).\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":564093,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/08\/new-closing-price-mechanism-to-come-on-2-september-farid-gets-new-four-year-term-as-egx-boss\/","url_meta":{"origin":558013,"position":3},"title":"New closing price mechanism to come on 2 September + Farid gets new four-year term as EGX boss","author":"enterpriseam admin","date":"8 August 2021","format":false,"excerpt":"MARKET NEWS- The new mechanism for calculating closing share prices will come into effect on 2 September, the bourse said in a statement (pdf) today. Approved by the EGX last week, a \u201cpre-close auction\u201d system will be introduced in a move designed to improve accuracy, increase trading volumes and boost\u2026","rel":"","context":"In &quot;GO WITH THE FLOW&quot;","block_context":{"text":"GO WITH THE FLOW","link":"https:\/\/enterpriseam.com\/egypt\/category\/go-with-the-flow\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":622891,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/15\/egx-mulling-new-mechanism-to-calculate-shares-closing-price\/","url_meta":{"origin":558013,"position":4},"title":"EGX mulling new mechanism to calculate shares\u2019 closing price","author":"enterpriseam admin","date":"15 October 2018","format":false,"excerpt":"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\u2026","rel":"","context":"In &quot;Egypt Politics + Economics&quot;","block_context":{"text":"Egypt Politics + Economics","link":"https:\/\/enterpriseam.com\/egypt\/category\/egypt-politics-economics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":567339,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/20\/fra-committee-suggests-closing-auction-mechanism-for-egx\/","url_meta":{"origin":558013,"position":5},"title":"FRA committee suggests closing auction mechanism for EGX","author":"enterpriseam admin","date":"20 January 2020","format":false,"excerpt":"REGULATION WATCH- FRA committee suggests closing auction mechanism for EGX share pricing: A proposal tabled by the Financial Regulatory Authority\u2019s stock exchange advisory committee could see the EGX start conducting auctions to determine the closing price of shares, industry sources told Al Mal. As it stands, closing prices are calculated\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/644.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/558013","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=558013"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/558013\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/558005"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=558013"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=558013"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=558013"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=558013"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=558013"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}