Egypt to reopen stock exchange before March 28

Egypt will reopen its stock exchange before March 28 so the bourse is not removed from global indices, the finance minister was quoted as saying on the prime minister’s Facebook page on Saturday.

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.

The bourse has been shut since January 27. It was closed in the early days of the uprising that swept Hosni Mubarak from the presidency on February 11.
Source: Reuters