EGX suspends trading for 30 minutes

Cairo – 1 March 2020: The Egyptian Exchange (EGX) suspended trading on the the broader index EGX 100 for 30 minutes after it dropped by more than 5 percent during Sunday’s trading session.

By 12:35 pm Cairo time, EGX100 lessened by 5.1 percent to 1,243 points, and the benchmark EGX 30 declined 6.14 percent to 12,210 points.

Red trading dominates trading on EGX and most of Arab stock exchanges as a result of the panic of the spread of coronavirus and the slip of the American stocks at the end of the week.

On Thursday, EGX ended in red, as EGX 30 dropped 1.45 percent, EGX 50 dipped 1.58 percent, EGX 70 lessened 1.14 percent, and EGX 100 decreased 1.22 percent.