EGX: ‘Boom’ in large-volume securities resulted from decision to end Egypt’s emergency state

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Tue, 26 Oct 2021 - 06:34 GMT

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Tue, 26 Oct 2021 - 06:34 GMT

 
CAIRO - 26 October 2021: An “unusual boom” in trading large-volume securities at the Egyptian stock exchange resulted from the decision to end the state of emergency in the country, EGX head Mohamed Farid said Tuesday. 
 
President Abdel Fattah El-Sisi’s decision sent strong messages to foreign investors that the Egyptian state is stable and strong in all aspects, politically, economically, or security wise, Farid told Al-Hadath Al-Youm channel.
 
The presidential announcement  has reflected positively on the Egyptian financial markets, especially with the beginning of Tuesday’s session, Farid added.
 
In a Monday statement, Sisi said the decision comes after the Egypt became “an oasis of security and stability in the region,” a decision that has been applauded by many parties, institutions, and activists.
 
 

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