Egypt Independent

Investors request extension to stock market closure



The Supreme Council of the Armed Forces (SCAF) is examining demands by several stock market investors that the resumption of trading be further delayed to safeguard investments.

Staff Brigadier General Hossam Shahhat presented investors' concerns to the SCAF. He said the SCAF will take these into consideration in order to make a decision that serves the interests of both investors and the national economy.

Hundreds of investors protested today in front of the stock exchange after cabinet ministers decided trading would resume on Tuesday.

Stock market president Khaled Serri Seyam, meanwhile, said trading will be suspended again if the main indexes and stocks decline sharply when it resumes.