An Egyptian vender adjusts her veil in front of a giant poster of a US dollar outside an exchange office in Cairo, Egypt, Monday. Egypt’s stock market pared early gains on Monday, retreated slightly from its market-opening rally linked to bargain hunters snapping up shares that had been heavily sold off over the past couple of sessions. Officials had worried that the Egyptian Exchange’s restart after it was shuttered on Jan. 27 would lead to a broad market panic. In the two trading sessions last week, the market posted declines that pushed the benchmark index’s year-to-date losses to over 27 per cent. But the moderate gain Monday marked the second consecutive session in which the index climbed.