Re-opening of Egyptian exchange delayed

The re-opening of the Egyptian stock exchange has been further delayed as the exchange head rejects calls to cancel trades placed in the last few days it was open.

Investors protested outside the Cairo stock exchange on Sunday, demanding trades placed on 26 and 27 January be cancelled, the BBC reports. If the index falls by more than 6%, which happened on that day, trading is halted. However, head of the exchange, Khaled Serry Seyam, says: "The public prosecutor has assured that there was no manipulating in the last week of trading [on the Egyptian bourse]," and rejected the requests. The stock exchange was due to re-open this morning after several delays, following a month-long closure sparked by the anti-government protests. MENA, a stat...