Egypt’s FRA approves maximum limit on trading value for youth under 21 years old

The Egyptian Financial Regulatory Authority (FRA) approved the maximum limit on the value of trading allowed for those aged between 16 and 21 years old at EGP 10,000.

Trading for those under the age of 21 will be limited to buying and selling stocks only and will not include margin trading and short selling transactions, the FRA’s Chairman, Mohamed Omran, said in a statement on Sunday.

Data showed that 56% of traders in the bourse, amounting to about 215,000, own portfolios with a value less than EGP 5,000, while two thirds of traders or about 253,000 own portfolios with a value less than EGP 10,000.