EGX announces Sunday as an official holiday

CAIRO – 4 October 2018: The Egyptian Exchange (EGX) announced that Sunday, October 7, will be an official holiday for the bourse on the occasion of the 45th anniversary of October War victory.

EGX added in a filing to its official website that trading will resume on Monday, October 8.

On October 6, 1973 at 2 p.m. (Cairo time) the Egyptian forces launched the six-day war against the Israeli troops; meanwhile, the Syrian troops waged the war against the Israeli troops near the Golan Heights.

Egypt celebrates its victory against the Israeli troops, which had captured the Sinai Peninsula, Gaza Strip, West Bank, Old City of Jerusalem, and the Golan Heights.

The last holiday at EGX was from Monday, August 20, to Thursday, August 23, on the occasion of Eid El-Adha.

Also, The Central Bank of Egypt (CBE) announced that banks will be off on Sunday, October 7, on the occasion of the 45th anniversary of October War victory.

The Egyptian Exchange (EGX) ended the last session of the week in red, and market capitalization lost LE 9.5 billion, amid foreign selling.

The benchmark EGX30 declined 1.46 percent, or 208.27 points, to close at 14,104.90 points.

The equally weighted index EGX50 dropped 1.79 percent, or 40.07 points, to reach 2,199.95 points.

The small and mid-cap index EGX70 decreased 0.55 percent, or 3.89 points, reaching 699.34 points, and the broader index EGX100 inched down 0.80 percent, or 14.21 points, closing at 1,768.96 points.