March 17, 2020 / 8:36 AM / 24 days ago

Egypt suspends trading in 40 shares after they fall more than 5%

CAIRO, March 17 (Reuters) - Egypt’s stock exchange suspended trading in 40 shares for 10 minutes on Tuesday after they fell more than 5%.

Among the stocks to see sharp falls were Ezz Steel which was down 8.4% and Madinet Nasr for Housing and Development , which dipped 9.6%.

Egypt’s main EGX30 index was down 2.6% on opening, as a sell-off linked to fears around the spread of coronavirus continued.

Reporting by Ehab Farouk Writing by Aidan Lewis Editing by Mahmoud Mourad

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