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Summary Egypt's news agency says country's stocks surged on declaration of Morsi as president.
Authorities halted the trade for some hours. The temporary halt came after the EGX100 index rose more than 5 percent, triggering a circuit breaker designed to prevent drastic market fluctuation. Mondays investor optimism also helped the benchmark index EGX30 jump by 6.7 percent.Morsis victory in what was a tight race pitting him against deposed leader Hosni Mubaraks last Prime Minister has ended a period of uncertainty, but the new president still faces daunting economic and political challenges.
