Reopening of Egypt Exchange put off by 3 more days | business | Hindustan Times
Today in New Delhi, India
Dec 11, 2017-Monday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

Reopening of Egypt Exchange put off by 3 more days

The regular of Egypt's stock market says the resumption of trading has been put off by three more days. The regulator says the market will reopen on Wednesday, instead of Sunday, as initially anticipated.

business Updated: Feb 12, 2011 20:43 IST

The regular of Egypt's stock market says the resumption of trading has been put off by three more days. The regulator says the market will reopen on Wednesday, instead of Sunday, as initially anticipated.

Saturday's statement said more consultations with brokers and companies are needed. The exchange was closed on January 28, three days the outbreak of an uprising that ousted Egyptian President Hosni Mubarak In the two days before the closure, the market's benchmark EGX30 index had dropped almost 17%.

The crisis has rattled international investors, prompting an exodus of foreign funds and raising worries about sharp fluctuations when the market reopens. Communications and banking services have largely been restored.