EGX sets Kahira Pharmaceuticals' stock limit down

Updated 11/2/2020 8:59:00 AM

ArabFinance: The Egyptian Exchange (EGX) set the limit down of Kahira Pharmaceuticals and Chemical Industries Company (CPCI) at 17.55%, according to the company’s November 1st filing.

The circuit breaker of the company’s stock is placed at a limit down the level of 12.97%, the EGX disclosure added.

The stocks’ price movement limits were effective as of the closing session of the ex-dividend date on November 1st.

The EGX’s decision came after the company’s announcement of distributing cash dividends of EGP 3.20 per share on November 4th.