EGX Announces Holiday for Islamic New Year, July 23 Revolution Anni.

On Monday, the Egyptian Stock Exchange (EGX) announced a three-day public holiday starting from Thursday, July 20, until Sunday, July 23, on the occasion of the Islamic New Year 1445 and the anniversary of the July 23 Revolution.

This official announcement comes as the nation prepares to mark two significant events - the Islamic New Year, also known as Hijri New Year, and the anniversary of the July 23 Revolution, a landmark event in Egypt's modern history.

This extended break is in line with Egypt's tradition of commemorating important national and religious events, allowing employees of the Egyptian Stock Exchange time off to participate in the celebrations. Regular trading activities will continue on Monday, July 24, as the exchange returns to its standard schedule.

The Egyptian Stock Exchange, a key driver of the nation's economy, has consistently shown resilience in the face of various challenges, and this brief intermission is expected to have no significant impact on its performance or the trading of the companies listed.