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The Egyptian Exchange (EGX) Board of Directors held an abrupt meeting on Monday 26th of November 2012 to discuss the current market situation. Also it investigated alternative plans to meet the changes happening due to the current events and its escalations.
Dr. Mohammad Omran stated that EGX's vital role is to provide the opportunity for investors to access the market; whether to enter or exit, in accordance with the supply and demand mechanism and continuity of trading on a regular basis. Therefore, there is no intention for suspension of trading while the situation is closely monitored in order to take appropriate decisions in light of any subsequent news.
EGX board also stressed that the precautionary measures currently applied are sufficient and there is no reason to take any actions or restrictions that would hinder the trading functionality.
