Saturday 12 February 2011

Egypt stock exchange delays reopening till Wednesday | Reuters

Egypt's stock exchange, shut since January 27 because of political unrest, will not reopen until Wednesday, a bourse official said on Saturday.

It is the second time the government has postponed the reopening. The bourse was initially due to have started trading again on February 7 and then on Sunday, February 13.

The market regulator said last week that once it opens the exchange will suspend trade for a half hour if its broad 100-share index declines by 5 percent and for even longer if it falls by 10 percent.

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