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In a strange twist, the Egypt ETF (EGPT -7.4%) was halted earlier today even as actual Egyptian...

In a strange twist, the Egypt ETF (EGPT -7.4%) was halted earlier today even as actual Egyptian shares began trading for the first time in nearly 8 weeks. Now resumed, EGPT continues to bleed away the premium to NAV it acquired during the Egyptian market's closure.
Comments (4)
  • Correlations
    , contributor
    Comments (3) | Send Message
     
    Middle east stocks take now the volatility action to the next level. Watch egyptian stocks for some crazy movements in the days to come.
    23 Mar 2011, 11:05 AM Reply Like
  • Capitalist1
    , contributor
    Comments (54) | Send Message
     
    The behavior of EGPT's sponsor, Market Vectors, has been nothing short of scandalous. They accepted a huge amount of cash for creation units of EGPT after the Egyptian stock exchange closed semi-permanently in January, leaving them unable to deploy the cash.
    23 Mar 2011, 11:16 AM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    This is not a level playing fields boys and girls...they halt it to protect themselves and make changes behind the scenes...shorting it or whatever...
    23 Mar 2011, 11:26 AM Reply Like
  • omamdouh
    , contributor
    Comments (32) | Send Message
     
    FYI shorting do not exist on Egyptian Bourse...
    23 Mar 2011, 03:09 PM Reply Like
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