The political turmoil that has engulfed Egypt over the past couple of months is taking its toll on the country’s stock exchange, where trading was suspended on Thursday for the second day in a row heightening fears about investors pulling their money from the market.
Shares in the EGX 30 Index tumbled by 6.8% this morning triggering a 30-minute suspension. The same had happened yesterday when circuit breakers suspended trading for half an hour after shares plunged by around 10%.