Referring to the problems in Internet service breakdowns between Alexandria and Cairo and the subsequent delay in data transmission, EGX would like to clarify that the internet problem has affected the buy and sell orders through remote trading and electronic trading via the Internet. According to the analysis of the information technology sector in EGX, the decline in average daily trading amounted about 33.23%.
The total market trading via remote trading and electronic trading through internet represent 59% of the total market transactions, which means that the turnover has been affected in total by about 18% due to Internet crashes were also affected by companies that provide market data service providers and data compromised.
FTSE Mondo Visione Exchanges Index:
Internet Breakdowns Between Cairo And Alexandria Affect The Daily Trading Value At EGX
Date 03/06/2014