January 31st, 2011
Econintersect: The Egyptian stock remained closed today as civil unrest continued to rock the country. However the ETF EGPT, trading on the New York Stock Exchange, rebounded almost 8% Monday. This followed a 22% decline over the ten days ending January 28. The dramatic stock price chart is shown below. Other Middle Eastern and North African markets traded in a less dramatic range. Follow up:
Trading Monday in other markets:
Up markets were Oman +1.6%, Abu Dhabi +1%, Israel +0.9%, Kuwait +0.6%, Qatar +0.4% and Palestine +0.04%.
Down markets were Jordan -0.04%, Bahrain -0.2%, Dubai -0.6%, Saudi Arabia -1%, Lebanon -1.5%, Morocco -2% and Tunisia -2.6%.