CAIRO (AFP) – Egypt’s stock exchange will not reopen on Monday, as previously announced, and a decision has yet to be taken on when it will resume business, the state-run MENA news agency said on Saturday.
Khaled Serri, head of the exchange, was quoted as saying that the bourse would remain shut on Sunday and Monday, as anti-government protests went into their 12th day on Saturday.
The date for “resuming operations of the stock exchange has not been determined yet,” he said, adding that it would depend on developments.
Serri said 48 hours notice would be given before trading resumes. The bourse was last open on January 27 when it closed down nearly 10 percent as the protests against President Hosni Mubarak picked up momentum.
The decision to postpone the reopening of the bourse was taken after consultations with its management, the Egyptian financial supervision commission and representatives of traders and brokers, Serri said.