Egypt’s EGX announces January 7 as an official holiday

The Egyptian Exchange (EGX) announced that the bourse will be off on Monday, January 2, on the occasion of the Christmas.

Many Orthodox Christians celebrate Christmas Day annually on January 7 to remember Jesus Christ’s birth, described in the Christian Bible.

This holiday will be the second one since the beginning of 2019, as the bourse was off on Tuesday, January 1, on the occasion of the banks’ holiday.

Central Bank of Egypt (CBE) announced Wednesday that banks operating in Egypt will be off on Tuesday, January 1, on the occasion of the end of the financial year for most of the banks on December 31.

The Egyptian Exchange (EGX) started the first session in 2019 in green, as EGX 30 hiked 1.29 percent, EGX 50 rose 0.92 percent, EGX 70 increased 0.59 percent, and EGX 100 inched up 0.63 percent.

Source: Egypt Today