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You are here : World News – Russian opinion» Finance» Egyptian authorities have postponed the opening of the Cairo Stock Exchange

Egyptian authorities have postponed the opening of the Cairo Stock Exchange

Posted By Russian Opinion. Under Finance  Tags: Finance  

77708443 Egyptian authorities have postponed the opening of the Cairo Stock Exchange

The Egyptian Government has decided to postpone for 24 hours reopening of the Cairo Stock Exchange due to the unstable situation in the country. On it informs BBC News. Earlier it was planned that trades on the Exchange will begin again on February 7. The Egyptian Stock Exchange was closed ten days ago due to civil unrest in the country. January 27 before closing the site's main index Cairo Stock Exchange fell immediately by 10 percent. In addition to the exchange, were also closed commercial banks in Cairo and major provincial cities. Financial institutions reconvened on 6 February, as planned. Total opened 341 offices of various banks, 152 of them – in Cairo. The Egyptian Stock Exchange was established in 2009 by combining the Cairo and Alexandria Stock Exchanges. The total capitalization of publicly traded companies exceeds $ 65 billion.

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