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Wednesday, 16 June 2021

Market update: Egypt stock prices rebound on trouble-free polls

Morning trades temporarily halted after EGX100 surges 5.01 per cent on back of successful parliamentary elections

Ahram Online, AP, Tuesday 29 Nov 2011
Egyptian Stock Exchange
A view shows the Egyptian Stock Exchange in Cairo (Photo: Reuters)

Egyptian stock prices rebounded on Tuesday, the second day of Egypt’s first post-Mubarak parliamentary polls.

As of midday, the benchmark EGX30 index had risen by 5.19 per cent.

Only 15 minutes into the day’s session, trading was halted for about 25 minutes after the broader EGX100 surged 5.01 per cent.

When trading resumed, the index had risen by a full 6 per cent.

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