Holidays’ season starts on EGX

CAIRO – 17 April 2019: The Egyptian Exchange (EGX) announced several official holidays for the bourse during the coming period.

EGX elaborated in a statement that Thursday, April 25, will be a holiday in celebration of the liberation of Sinai from the Israeli occupation.

It added that trading will be off on Sunday, April 18, on the occasion of Easter. Easter commemorates the resurrection of Jesus from the dead, described in the New Testament as having occurred on the third day after his his crucifixion by the Romans at Calvary c. 30 AD.

Moreover, EGX will be off on Monday, April 29, in celebration of Sham Ennesim, which is an Egyptian national holiday marking the beginning of spring. It always falls on the day after the Eastern Easter.

Trading will be resumed on Tuesday, April 30, to be off again on Wednesday, May 1, which marks Labor Day. Labor Day, also called International Workers’ Day, is a celebration of the working classes and occurs every year on May Day, an ancient European spring festival.

EGX will back to trading normally on Thursday, May 2, according to EGX statement.
The last official holiday for Egypt’s bourse was on Thursday, January 24, in celebration of the National Police Day and January 25 Revolution.

EGX ended Tuesday in red for the second session in a row, as EGX30 decreased 0.55 percent, EGX50 lessened 1.08 percent, EGX70 declined 0.71 percent, and EGX100 dropped 0.70 percent.