Thursday, 24 March 2011

Egyptian stocks: out of danger? | beyondbrics – FT.com

Egyptian stocks recovered slightly on Thursday, their second day of trading following the market’s temporary closure from January 27.

The day’s performance will have brought relief to investors in the country and looks likely to reduce further the threat of Egypt’s expulsion from the benchmark MSCI Emerging Market Index.

The day started badly: as happened on Wednesday, circuit breakers came into effect in early trading as stock prices plunged. But when trading resumed after a 30 minute break, prices recovered some of their losses.

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