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بوابة الشروق
Source: بوابة الشروق
1 Dayبوابة الشروق
Source: بوابة الشروق
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Mostafa Madbouly rang the bell at the Egyptian Exchange to mark the start of trading in Banque du Caire shares, following an offering valued at around EGP 36.37 billion that covered 45% of the bank’s shares. The bell-ringing tradition dates back to the New York Stock Exchange. After a hammer was used to regulate trading, a Chinese gong was introduced in the 1870s to signal its opening and closing; an electric brass bell replaced it in 1903. Since 1956, guests have been invited to ring the bell, turning the ceremony from a signal for regulating trading into a symbolic tribute and media event that allows companies to showcase their achievements. At the Egyptian Exchange, however, the ringing is ceremonial and does not alter the rules governing the start of trading.
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