Egyptian bourse suspends trading following 5% drop in main indices
02/06/2014 1:53 am EDT

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Trading on the Egyptian Stock Exchange was suspended Sunday for 30 minutes as a precautionary measure following a 5% drop in its main indices, Ahram has reported. The market’s benchmark EGX30 fell 5.7%, recording 7,771 points, hitting a near two-month low. “That’s expected due to the capital gain tax decision, which fuelled investors’ rage,” said vice head of the securities division at the Cairo Chamber of Commerce, Eissa Fathy.

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