“The government has stated that they do want to continue having open markets after they get over this problem with foreign exchange limitation,” Mark Mobius, executive chairman of Franklin Templeton Emerging Markets Group, said in the article. “So the orientation is positive.”

Looking ahead, a referendum on a revised constitution is expected to take place January 14 and 15 next year, with parliamentary and presidential elections to follow later in the year.

Market Vectors Egypt ETF

For more information on Egypt, visit our Egypt category.

Max Chen contributed to this article.