Egypt’s stock exchange to remain closed on Tuesday

The management of the stock exchange said it would still be closed on Tuesday until banks operate normally, adding that the reopening would be announced 48 hours in advance.

“It’s for the benefit of the investors,” said stock exchange president Khaled Serry Seyam.

Meanwhile, a number of investors called for closing the stock exchange until a new president is elected.

However, Ziad Bahaa Eddin, president of the Egyptian Financial Supervisory Authority, said closing the stock exchange for too long discourages investors from returning to it.

“Money should come in and go out at any time for investors to be reassured,” he said.

Translated from the Arabic Edition.

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