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.