ArabFinance: The Egyptian Exchange (EGX) has set the limit down of Egyptian Arabian Securities Brokerage (Cmar) (EASB) at 15.683%, according to the company’s April 27th filing.

The circuit breaker of the company’s stock is also set at a limit down level of 10.998%, the EGX disclosure added.

The stocks’ price movement limits will be effective as of the closing session of the ex-dividend date on April 12th.

The EGX’s decision came after the company’s announcement of distributing cash dividends of EGP 0.08 per share on April 15th.

The company’s unaudited financial statements showed a 21.19% Year on Year jump in its net profit in 2020, recording EGP 6.89 million.

Cmar, formerly known as Egyptian American Company for Securities Brokerage, is an Egypt-based public shareholding company engaged in the provision of investment services.

The company operates a range of investment activities that include sale and purchase of securities, mediation in the purchase and sale of securities to investors in the Egyptian capital market and providing financial advice, e-trading, establishment and ownership transfer, provision of training sessions, and financial advisory services.