The Egyptian stock exchange has reopened for business on Wednesday morning but not without a hiccup or two.
Seconds after trading commenced the circuit breakers kicked in and the exchange was forced to suspend business.
Several stocks including Telecom Egypt, Commercial International and Orascom Construction fell by more than 10 per cent, prompting the exchange to halt trading for 30 minutes.
RTRS-EGYPT BOURSE SUSPENDS TRADE AFTER BROAD INDEX <.EGX100> FALLS 5 PCT
RTRS-EGYPT BOURSE SUSPENDS TRADE IN SEVERAL MAJOR STOCKS AFTER REOPENING
Everything is back up and running now and the EGX 100 looks to have stabilised around 822 — that’s a fall of 7 per cent. But trading is volatile.
(At Pixel Time showing -8.73%)
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