{"id":622891,"date":"2018-10-15T04:02:33","date_gmt":"2018-10-15T04:02:33","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/15\/egx-mulling-new-mechanism-to-calculate-shares-closing-price\/"},"modified":"2018-10-15T04:02:33","modified_gmt":"2018-10-15T04:02:33","slug":"egx-mulling-new-mechanism-to-calculate-shares-closing-price","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/15\/egx-mulling-new-mechanism-to-calculate-shares-closing-price\/","title":{"rendered":"EGX mulling new mechanism to calculate shares\u2019 closing price"},"content":{"rendered":"

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<\/a>. 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.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 […]<\/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":[9346],"tags":[2376,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-622891","post","type-post","status-publish","format-standard","hentry","category-egypt-politics-economics","tag-egypt-politics-economics","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"609f1219-fbc3-4478-95af-fbbc40e1217e","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"EGX mulling new mechanism to calculate shares\u2019 closing price","related_issue":[622859],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.12f235f1-79d5-48fa-8439-bacea6b30bcc.mp3"},"yoast_head":"\nEGX mulling new mechanism to calculate shares\u2019 closing price - 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\/2018\/10\/15\/egx-mulling-new-mechanism-to-calculate-shares-closing-price\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EGX mulling new mechanism to calculate shares\u2019 closing price\" \/>\n<meta property=\"og:description\" content=\"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 […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/15\/egx-mulling-new-mechanism-to-calculate-shares-closing-price\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-10-15T04:02:33+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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/15\/egx-mulling-new-mechanism-to-calculate-shares-closing-price\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/15\/egx-mulling-new-mechanism-to-calculate-shares-closing-price\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"EGX mulling new mechanism to calculate shares\u2019 closing price\",\"datePublished\":\"2018-10-15T04:02:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/15\/egx-mulling-new-mechanism-to-calculate-shares-closing-price\/\"},\"wordCount\":100,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Egypt Politics + Economics\",\"EnterpriseAM\"],\"articleSection\":[\"Egypt Politics + Economics\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/15\/egx-mulling-new-mechanism-to-calculate-shares-closing-price\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/15\/egx-mulling-new-mechanism-to-calculate-shares-closing-price\/\",\"name\":\"EGX mulling new mechanism to calculate shares\u2019 closing price - 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These include setting up a new mechanism for calculating the closing share price and easing limits on intraday price movements on shares,\u2026","rel":"","context":"In "SPEED ROUND: CAPITAL MARKETS"","block_context":{"text":"SPEED ROUND: CAPITAL MARKETS","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-capital-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/8\/329.jpg?fit=%2C&ssl=1&resize=350%2C200","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":622891,"position":5},"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. 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