Cairo stock exchange stays closed till next week
The Cairo stock exchange, shut since January 27, said on Tuesday it was postponing the resumption of trade until next week.
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The bourse said it made the decision after consultations with the Financial Supervisory Authority, brokerage firms and investors," it said.
The market had been due to reopen on Monday along with the banking sector.
It had shut after sustaining substantial losses in the first days of the anti-regime protests that finally overthrew president Hosni Mubarak but created a lingering climate of financial insecurity.
Trading ended on January 27 with a 10 per cent drop, reflecting a two-day loss of 70 billion Egyptian pounds, around $12 billion.
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