EGX- Reuters EGX- Reuters

EGX, CBE announce July 23 as an official holiday

Mon, Jul. 16, 2018
CAIRO – 16 July 2018: The Egyptian Exchange (EGX) decided that Monday, July 23, will be an official holiday on the occasion of July 23 revolution.

The market will resume trading on Tuesday July 24, according to an official statement issued on Monday.

Meanwhile, the Central Bank of Egypt (CBE) announced that banks will be off on July 24 as well.

July 23 revolution took place in 1952 by the Free Officers Movement, a group of army officers led by Mohammed Naguib and Gamal Abdel Nasser, aiming at overthrowing King Farouk.

The last official holiday for EGX and CBE was Sunday, July 1, on the occasion of June 30 revolution.

On a different note, The Egyptian Exchange (EGX) ended Sunday’s session in red for the second session in a row, losing LE 4.5 billion, amid Arab selling.

The benchmark EGX30 declined 0.24 percent, or 37.35 points, to close at 15,842.46 points.

The equally weighted index EGX50 slipped 0.82 percent, or 22.12 points, to reach 2,686.28 points.

The small and mid-cap index EGX70 dropped 0.69 percent, or 5.34 points, closing at 769.76 points, and the broader index EGX100 went down 0.47 percent, or 9.44 points, closing at 1,980.65 points.

Market capitalization lost LE 4.5 billion, recording LE 885.47 billion, compared to LE 889.97billion in Thursday’s session.
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