Printer Friendly

EGX-30 down 2% despite opening session of parliament.

The Egyptian Exchange's main index EGX-30 fell 2.03% on Sunday despite expectations that the opening session of Egypt's newly elected House of Representatives would instil market confidence.

Other indices also decreased including the EGX-70 fell by 0.9%; the EGX-20 by 2.1%; and the EGX-100 by 1.43%.

A total of 596 MPs were sworn into office during the first hours of the session.

Egypt has been without a parliamentary body for three years. Parliament members are currently preparing their plans and the current government has revealed its programme that will be presented to the People's Assembly.

The government has prepared a programme aiming to improve public services, achieve social justice, curb rising prices, and expand social safety nets to safeguard those most exposed to risk.

[c] 2016 Daily News Egypt. Provided by SyndiGate Media Inc. ( ).

COPYRIGHT 2016 SyndiGate Media Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2016 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Daily News Egypt (Egypt)
Geographic Code:7EGYP
Date:Jan 10, 2016
Previous Article:Interior Minister sent medical convoys to treat prisoners.
Next Article:Egypt obtains KWD 30m loan to fund electricity linkage with Saudi Arabia: Cabinet.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters