Tue, 28 Jul 2020 - 03:58 GMT
Egyptians are performing Eid al-Adha prayer at Al-Azhar Mosque in Old Cairo on August 11, 2019- Egypt Today- Karim Abdel-Aziz.
CAIRO – 28 July 2019: The Egyptian Exchange (EGX) and the Central Bank of Egypt will be off for five days, starting from Thursday, July 30 till Monday, August 3, on the occasion of Eid Al-Adha holiday.
Eid al-Adha marks of respect to the willingness of Ibrahim to sacrifice his son Ismael as an act of obedience to God's command. That’s why, it’s also called the "Festival of the Sacrifice". It is the second of two Islamic holidays celebrated worldwide each year, and considered the holier of the two. Moreover, Muslims performs their Hajj, which is an annual Islamic pilgrimage to Mecca, Saudi Arabia, during Eid Al-Adha.
Trading will be resumed on Tuesday, August 4, according to EGX statement.
EGX ended Tuesday in red as: EGX30 dipped 0.06 percent, EGX 50 decreased 0.24 percent, EGX 70 declined 0.31 percent, and EGX 100 dropped 0.19 percent.
The latest holiday for EGX and CBE was on Thursday, July 23, in celebration of the anniversary of July 23revolution.