COVID-19: EGX trading hours back to normal

Discovery Session starts at 9:30 am, while the official Trading Session opens at 10 am and closes at 2:30 pm.

  
The Egyptian Exchange bell is seen at the stock exchange in Cairo, April 28, 2015. Image used for illustrative purpose

The Egyptian Exchange bell is seen at the stock exchange in Cairo, April 28, 2015. Image used for illustrative purpose

REUTERS/Mohamed Abd El Ghany

ArabFinance: The Egyptian Exchange (EGX) changed trading hours to the regular starting May 30th, according to an official announcement.

Discovery Session starts at 9:30 am, while the official Trading Session opens at 10 am and closes at 2:30 pm.

Furthermore, the Unlisted Securities Market on Mondays and Wednesdays opens at 12 pm and closes at 12:30 pm. During the remaining days of the week, the market opens at 9:30 am and closes at 11 am.

These amendments will be applied on both the main market as well as the Mid and Small Cap Market (NILEX).

The EGX statement noted that the news hours come in line with the nationwide curfew from 8 pm to 6 am, which started on May 30th after Eid el Fitr holiday.

Egypt’s stock market previously reduced the trading hours during the month of Ramadan.

It is worth remarking that EGX’s trading hours were changed in March in the light of the first announced curfew that followed the outbreak of COVID-19.

Banks’ working hours were also amended for the post-holiday period.

Copyright © 2020 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Equities