Egyptian stock exchange stops trading after sharp drop

The Egyptian Stock Exchange announced the suspension of trading in the shares of 94 companies, as they exceeded the 5% decline, after an hour and a half passed in today’s trading session, Monday.

The exchange suspended trading for a period of 10 to 30 minutes, under significant downward pressure on the indices, affected by the emergence of a new strain of Corona virus in Britain, and investor concerns about financial markets.

The EGX100 EWI index fell 5% today, Monday, and the main EGX30 index fell 2.15% since the start of trading, to the level of 10,656 points, and the EGX70 index for equities small and medium-sized fell 5.66%.

Source: The Seventh Day + Masrawy

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