Middle East Economic Survey

VOL. LIV

No 9

28-Feb-2011

EGYPT

Egypt Stock Market Stays Shut As MENA Stocks Tumble

The Egyptian stock market remained closed at MEES press time, as equities tumbled on other exchanges in MENA, with social unrest continuing to spread across the region and the Libyan situation becoming increasingly precarious. It has been shut almost a month, before which the benchmark index shed 16%, but when it reopens selling is expected to resume. Trading was halted on 27...