Dubai, United Arab Emirates (CNN) – The Egyptian Stock Exchange suspended trading at the beginning of trading on Monday 21 December for half an hour due to the decline of the EGX 100 EWI index by 5%.
The decline in the index comes amid massive sales of all market shares after Britain unveiled a new strain of the Corona virus, which caused fears around the world of renewed closure measures.
The main Egyptian index fell 2.81% to 10,584.36 points.
The British Prime Minister, Boris Johnson, imposed new strict lockdown measures in London and the southeast of England in an attempt to slow the progress of the virus, as he said in a press conference on Saturday that the new strain is responsible for 60% of the recent infections of the epidemic in London, indicating that its infection 70% more transmissible than current strains.
Many countries, most of them European, have also taken decisions to ban travel to and from Britain and prevent entry to flights coming from the United Kingdom.