Egypt bourse to open Wednesday
Egypt's Stock Exchange chief Khaled Siyam, said it was decided to resume work from Wednesday. He said the decision was taken following consultations with the Financial Supervision Authority and the other relevant authorities. According to him, the decision came mostly because "technical issues". He said that in the days before the resumption all the technological preparations will be completed.
The head of the Egyptian Stock Exchange said that all the listed companies will be obliged to disclose all its information regarding the current operational and financial situation in order to give investors the ability to assess the effects of the recent developments.
The Stock Exchange closed has been closed since January 30 amid the massive political protests which forced President Hosni Mubarak to step down on Friday. During the recent trading sessions it lost 69 billion pounds (some US$11.7 billion).
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