Market Vectors Egypt Index ETF (EGPT)

[Soapy Bubbles]

Egypt ETF up 5%; Van Eck halts creation orders

SAN FRANCISCO (MarketWatch) -- Asset manager Van Eck Global will suspend creation
orders of Market Vectors Egypt Index ETF due to the closure of the Egyptian Stock
Exchange on the back of political unrest in the African country, the company said
Monday. "This follows the firm's normal policy of suspending creation orders when
the underlying market is closed for an extended period thereby helping to prevent
the costs of creation activity to be borne by existing shareholders," said Van
Eck in a statement. The fund plans to resume normal operations when the bourse
reopens. The index ETF, which was halted earlier Monday, is up 4.8% to $16.99
after trading resumed.