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Cairo bourse closes up 5.28 % - ASHARQ AL-AWSAT English Archive
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CAIRO (AFP) – The Cairo stock exchange on Sunday posted its first gains on its third day of trading following a seven week closure due to political unrest.

The main EGX-30 index closed up 5.28 percent to 5,212.08, with the market functioning for only three hours a day instead of four in a bid to stabilise the index.

The market opened for the first time on Wednesday since the outbreak of nationwide protests that eventually toppled president Hosni Mubarak.

The index which had been widely expected to fall on resumption, closed down 8.92 percent on Wednesday, after officials suspended trading for half an hour in line with emergency regulations.

A resumption of trading had been postponed five times since closing two days into the uprising, with economic confidence also hit by sweeping corruption investigations.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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