Egypt Bourse Celebrates Coptic Christmas, Announces Today Official Holiday

The Egyptian stock Exchange management announced today, Wednesday an official holiday on the occasion of the Copts Christmas.

The trading sessions will resume the next day, on Thursday January 8th.

Egypt’s stocks dived on Tuesday by 9.4 billion Egyptian pounds (US$1.3 billion) in the light of lower oil prices that dragged down regional economies.

The country’s main stock index, EGX30 edged lower by 2.35 percent to 8798.94 points. Meanwhile, the mid- and small-cap index, EGX70 and price index, EGX100 both closed in strong negative note, down 1.73 per cent and 1.21 percent, respectively.