The Egyptian stock exchange will not reopen Sunday as had been expected, marking three weeks of closure due to upheaval surrounding the ouster of President Hosni Mubarak.
The 18 days of mass street protests that forced Mubarak to step down on Feb. 11 struck a heavy blow to the Egyptian economy. While banks have reopened, the stock market's closure could raise investor doubts in the Egyptian economy's ability to recover.
The stock exchange said in a statement Saturday that it would announce an opening date later and that it was putting procedures in place prevent "market troubles" and allow for the market's "gradual return to normal operation."
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