Stock market transactions will begin Wednesday but will be limited to three hours daily for one week, an official source at the Egyptian Financial Supervisory Authority said.
Hisham Tawfik said trading sessions will start at 10 AM and end at 1:30 PM. Should the main index, Egx30, decline by 5 percentage points, transactions will cease, he added.
The government's decision Monday to reopen the stock market came after a 50-day hiatus due to protests that forced the ouster of former President Hosni Mubarak. A government spokesperson said measures were in place to safeguard a secure opening.
Interim Prime Minister Essam Sharaf urged citizens to contribute positively to the stock market to preserve its strength as a vital economic institution.
