Bloomberg Anywhere Remote Login Bloomberg Terminal Request a Demo


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Market Vectors Egypt ETF Pares Advance on Mubarak Plan to Stay

Feb. 10 (Bloomberg) -- The Market Vectors Egypt Index ETF pared its advance after Egyptian President Hosni Mubarak said he will remain in office until elections in September.

The exchange-traded fund gained 0.5 percent to $17.80 at 4 p.m. New York time after climbing as much as 6.1 percent earlier today, the biggest intraday rally since Feb. 1. Mubarak, speaking in a televised address, refused to bow to the calls of protesters crammed into the center of Cairo demanding his immediate ouster. Later in the speech he delegated his powers to his deputy, Omar Suleiman.

“I decided to transfer powers of the presidency to the vice president according to constitutional guidelines,” Mubarak, 82, said at the presidential palace in Cairo, pledging to die on Egyptian soil.

Egyptian dollar bonds gained. Yields on the 5.75 percent dollar bonds due April 2020 fell for the first time in three days, declining 11 basis points to 6.48 percent.

To contact the reporter on this story: Eric Martin in Washington at

To contact the editor responsible for this story: David Papadopoulos at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.