EGYPT: Stock exchange to resume trading Sunday
Egyptian financial officials say the country’s stock exchange will resume trading Sunday, a week after banks reopened.
The Associated Press reports that the delay appears to be part of attempts to cool investors’ fears and avoid a massive sell-off.
Those fears appeared to be well founded, the news agency said. The Egyptian pound hit a six-year low after banks reopened Sunday on an abbreviated schedule following a weeklong closure, dropping to about 5.95 to the dollar.
-- Alexandra Zavis