Stable EGX trading expected after holidays supported by stamp duty cut
EGX trade sessions last week, also the final week of July, were limited to only four due to the run-up to the Eid Al-Adha holiday.
Latest in Tag: stamp duty Highlight
Latest in Tag: stamp duty
Egypt increases stamp duty by EGP 0.16 on mobile users starting July
Unlike prepaid customers, the tax, valued at EGP 8 in total, will be paid by monthly billing customers once a year.
Bad timing for increasing stamp duty on EGX transactions amid low trading: Sigma Capital
The Parliament’s planning and budget committee raised on Wednesday the stamp duty on stock market dealings as part of a draft law submitted by the government and scheduled for discussion in a plenary session next Sunday.
EGX declines 1.8% following parliamentary discussions on stamp tax rise
Blue-chip index, the EGX 30, closed at the end of Wednesday’s session at 10,396 points, while the EGX70 EWI index decreased by 2.18%
Stamp duty and interest rates hindered rising stock market movements
Expectations about targeting the level of 13,200 points this week as part of the sideways movement