The draft law states that the non-resident seller and the resident buyer shall pay a stamp tax at 1.25 per thousand from the total sale value.
The government made an important package of decisions to support the industry sector and deal with the economic consequences of the emerging corona virus.
(EGX) indexes showed mixed performance at the close of Wednesday's trading amid sales by Egyptian investors as well as local and Arab institutions.
The Egyptian Exchange (EGX) indices closed at mixed performances Tuesday.
Egypt hopes a stamp tax on trades in the Egyptian Exchange (EGX) will generate revenues ranging between 1-1.5 billion EGP in 2017/18.
The Egyptian Exchange (EGX) continued its rally for a sixth straight session, getting support from foreign and Arab purchases.
The Egyptian Exchange (EGX) extended its winning streak on Wednesday, powered by foreign purchases.
The Egyptian Exchange (EGX) rallied further on Tuesday, pushed by strong purchases from Arab and foreign institutions.
The Egyptian Exchange (EGX) continued its rally for a third consecutive session Monday, boosted by strong purchases from local and Arab institutions.
The Egyptian Exchange (EGX) surged Thursday amid an investor buying spree, mainly from local and foreign institutions.