• Egypt's bourse to resume trade before week's end


    Egypt's bourse to resume trade before week's end

    Agents demanding the Prime Minister to resume trading of stock exchange

    Egypt's bourse  will reopen before the end of this week, the head of the Misr for Central Clearing, Depository and Registry told Reuters on Sunday.
    The stock exchange has been shut since January 27 amid a popular uprising that forced President Hosni Mubarak from office.

    "There is an agreement to return to trading by the end of this week, but the day has not been specified yet," Mohamed Abdel-Salam, head of MCSD, told Reuters.
    Samir Radwan said one of the reasons for the continued closure of the stock exchange was that the situation in Egypt had not "not reached the improvement that we were imagining, even though matters are improving every day".
    He made the remarks in a television interview reported on the cabinet's Facebook page. He did not make any comment on the prospects of the stock exchange opening sooner than March 28, according to the interview.

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