Business

Egypt bourse to stay shut on Sunday

Egypt's stock exchange will remain closed on Sunday and will reopen only when it is certain banks are functioning properly, an official at the exchange said.

The central bank closed the country's banks until Sunday after employees at a number of state-owned banks went on strike earlier this week.

The official said the exchange was looking at a number of possible measures to help small investors who lost money after receiving requests to cancel trades made on Jan. 27, when share prices plunged as investors frightened by political unrest sold shares. 

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