Trading on Egypt’s stock exchange was suspended on Sunday after the EGX 100 dropped by 5%, a fall that analysts linked to protests which broke out in Cairo and other cities over the weekend.
It was the first suspension for such a sharp move in prices since 2016, when Egypt embarked on a three-year economic reform program backed by the International Monetary Fund, devaluing its currency and undertaking austerity measures.
When trading was suspended shortly after 1030 GMT, Orascom Investment had fallen by 9.89%, Ezz Steel sank by 9.91% and Pioneers had dropped 9.65%.
