Arab Today, arab today egypt bourse suspends trading as stocks spike 5
Last Updated : GMT 08:53:10
Arab Today, arab today
Arab Today, arab today

Egypt bourse suspends trading as stocks spike 5%

Arab Today, arab today

Arab Today, arab today Egypt bourse suspends trading as stocks spike 5%

Cairo - AFP

Egypt\'s bourse on Tuesday spiked more than 5.0 percent in a buying spree sparked by the orderly start to voting in the country\'s first post-revolution election, leading to the suspension of trading. The main EGX-30 index rose 5.08 percent or 191.93 points to touch 3,972.06, after weeks of political upheaval and deadly clashes between police and protesters that caused huge falls in the value of the local stock market. The regulator said that intense buying by investors triggered an automatic suspension of trading, which occurs when the market moves by more than 5.0 percent. The main index closed 8.35 percent down at the end of last week amid deadly clashes between police and protesters demanding the ouster of the military junta that took power when Hosni Mubarak was ousted in February. An uncertain transition to civilian rule, labour unrest and sporadic violence had aggravated Egypt\'s economic slump during the months following a popular uprising that unseated Mubarak in February. Last week Standard and Poor\'s ratings agency cut its long-term rating on Egypt by one notch to \'B+\'. But the first day of voting on Monday saw a turnout that was \"higher than expected\", election officials said, with the day winding down without any reports of violence.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today egypt bourse suspends trading as stocks spike 5 Arab Today, arab today egypt bourse suspends trading as stocks spike 5

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today egypt bourse suspends trading as stocks spike 5 Arab Today, arab today egypt bourse suspends trading as stocks spike 5

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque

GMT 17:28 2017 Thursday ,18 May

Saudi stocks rise in heavy trading

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%

GMT 06:20 2017 Tuesday ,16 May

Tadawul index climbs 0.6%

GMT 13:43 2017 Monday ,15 May

Oman share index declines marginally
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday