Egyptian bourse suspends trading following 5% drop in main indices

June 2, 2014 1:53 am


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.

By

s