Global investors sanguine on the suspension of exchange trading

Firms turn to other liquid instruments as Egypt’s stock exchange halts business

Egyptian Exchange’s main index, the EGX 30, plummeted more than 1,000 basis points or 10.3% on January 27 before trading was suspended and the market was closed.

According to the state news agency, the chairman of Egypt's stock exchange, who could not be reached for comment, said the exchange will re-open today after being closed for seven trading days (counting Sunday, but not Friday and only working days).

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