Monday 21 February 2011

Egypt investors demand bourse trades be cancelled | Reuters

Around 100 investors demonstrated in front of the Cairo stock exchange on Sunday to demand the cancellation of trades they made last month when political protests caused the market to plummet.

The exchange's chairman, Khaled Serry Seyam, told a group of the investors that no decision on the trades would be taken until the public prosecutor had investigated them, one of the investors said.

Seyam told 15 of the investors whom he invited to his office that a list of trades made during the two days when the market was open after the protests erupted had been sent to the public prosecutor, according to Mustafa Eisa, a former assessor at accounting firm KPMG Hazem Hassan, who was one of the investors to whom Seyam spoke.

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