EGX Chairman Rules Out Halting Trading, Reducing Session Duration

Dr. Mohamed Omran, the Chairman of the Egyptian Exchange, said despite the current political concerns, the EGX administration is currently neither considering trading suspension nor reducing the session duration.

“It does not make any sense to halt trading for the EGX, every time the country faces a new dilemma or crisis.” Omran added

“What makes sense is to continue the trading sessions for the EGX so as to give a precise reflection on the political and economic arenas.”

Omran explained to MENA that it is quite normal to find that some good news positively affect the market transactions, besides some other bad ones bring their negative effect.

Moreover, EGX Chairman emphasized on his confidence in the investors with regard to adopting wise decision. “We have learned that any incidents affecting the market are exceptional that sooner or later shall come to an end.

Omran mentioned that during the past two years, the EGX has witnessed much more troubled times, and it did not halt its trading.

The EGX shall not suspend its trading, as long as the operations in banks carried out without incurring any troubles, he noted.