Egypt's central bank, EGX shift June 30 holiday to Thursday

BY

Mon, 29 Jun 2020 - 10:40 GMT

FILE - CBE

FILE - CBE

CAIRO – 29 June 2019: The Egyptian Exchange (EGX) and the Central Bank of Egypt changed its official holiday on June 30, Tuesday, to be on Thursday, July 2, in response to Prime Minister Mostafa Madbouli’s decree to shift any day off during mid-week to be on Thursday.

Madbouli announced Sunday that any occasion that happens to take place in the middle of the week will be shifted to Thursday to enable citizens to have a longer weekend. The decision also applies to all municipal and public business sector employees.

Upon this decision, CBE and EGX will be off on Wednesday and Thursday, July 1 and 2, on the occasion of the seventh anniversary of the June 30 Revolution and the end of fiscal year 2019/2020.

Egypt’s fiscal year starts on July 1 and ends on June 30 of the next year.

June 30 revolution witnessed protests of Egyptians against former President Mohamed Morsi's administration that ended by the latter leaving the rule of the country.

Trading will be resumed on Sunday, July 5, according to EGX statement.

EGX ended Sunday in a semi-collective rise as: EGX30 dipped 0.38 percent, while EGX 50 increased 0.62 percent, EGX 70 climbed 1.06 percent, and EGX 100 rose 0.86 percent.

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