Egypt Independent

Egypt stock market halts trading after LE14.4-billion gains



The Egyptian stock market stopped trading for half an hour at the beginning of Thursday's session after stocks hit the maximum percentage increase in the first few minutes of trading.

The market value of Egyptian stocks climbed by LE14.4 billion in the first minute of Thursday's session as the EGX30 index ratcheted up to 6.3 percent, reaching 5288 points.

The value of traded stocks reached around LE4.421 with a volume of trading of 1.199 million stocks traded in 457 transactions.

Atef Yassin, the head of the stock market, said political developments in Egypt look set to have positive impacts on the market in coming days and weeks.

Edited translation from Al-Masry Al-Youm