ArabFinance: The Egyptian Exchange (EGX) announced that the price limits of Rubex International's (RUBX) rights issue shares for the August 5th trading session, according to the EGX disclosure.
The limit up is by 51.30% at EGP 1.015, while the circuit breaker upward is 25.65%.
Moreover, the limit down is by 100% at EGP 0.001, while the circuit breaker downward is 50%.
On July 20th, the EGX's Operations Committee set the opening price of Rubex International's rights issue shares in the first trading day at EGP 0.53 per share.
Rubex is an Egypt-based joint-stock shareholding company engaged in acrylic and plastic products manufacturing. The company manufactures and distributes household plastic and acrylic products that include acrylic bathtubs and corner bathtubs, acrylic shower trays, acrylic bathroom panels, and others.