Egypt suspends trading in Global Telecom after shares rise 10% - bourse

Shares are automatically suspended if they rise or fall by 10% in a single day's trading.

  
A trader works at the Egyptian stock exchange in Cairo. Image for illustrative purposes.

A trader works at the Egyptian stock exchange in Cairo. Image for illustrative purposes.

REUTERS/Mohamed Abd El Ghany

CAIRO- Egypt's stock exchange said it had suspended trading in shares of Global Telecom Holding on Wednesday after they rose by 10 percent, pending a statement from the company.

Shares are automatically suspended if they rise or fall by 10 percent in a single day's trading.

(Reporting by Ehab Farouk Writing by Aidan Lewis) ((Aidan.Lewis@tr.com; +20-1001174410;))


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