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Egypt stock trading suspended after drop - ASHARQ AL-AWSAT English Archive
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CAIRO (AFP) – Egypt’s stock exchange said on Thursday it is suspending trading temporarily after a sharp drop, amid the largest anti-government protests in the country in three decades.

Trading will resume at 11:30 am (0930 GMT), after the suspension prompted by a drop of 6.2 percent, the bourse said in a statement, a day after the benchmark EGX 30 index fell six percent.

The suspension comes amid the most serious anti-government demonstrations in Egypt in three decades.

Six people have died in the protests against the rule of President Hosni Mubarak, which, inspired by the ground-breaking “Jasmine Revolution” in Tunisia, have sent shockwaves across the region and prompted Washington to prod its long-time ally on democratic reforms.

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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