Egyptian Market Reopens – EGPT NAV Plunges
March 26, 2011 at 08:37 AM EDT
After many delays, the Egyptian Stock Exchange reopened yesterday. A 10% drop within minutes of the opening triggered circuit breakers and suspended trading for the day. During the nearly two-month closure, many investors mistakenly assumed the Market Vectors Egypt ETF (EGPT) was a good proxy for the Egyptian stock market. I pointed out what . . . → Read More: Egyptian Market Reopens – EGPT NAV Plunges