Big declines as trading resumed in Egypt bourse
Egypt's stock exchange suspended trade for half an hour on Wednesday shortly after reopening after a seven-week. The trading was resumed and Acting Exchange Chairman, Mohamed Abdel Salam, told Al Arabiya television that it would continue to the end of the session.
Under circuit breaker rules, if the index falls a total 10 percent after the suspension ends it is up to the Chairman to decide whether to allow trading to continue. Major Egyptian shares plunged when the stock exchange reopened. Commercial International Bank, Orascom Construction Industries and Telecom Egypt, all fell 10 percent.
The trading session was shortened to four hours instead of five hours.
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