March 23, 2011
In its first trading since late January, the Egyptian market crashed.Â about 10%. That’s apparently limit down, so trading is already over.
Update: After a halt, the market has reopened, and is now down 8.7%.
According to Ahram Online, there are some tanks and cops gathered outside the exchange. The report also notes that the heaviest selling pressure is coming from foreigners.
This article was posted: Wednesday, March 23, 2011 at 5:18 am