السبت، 12 فبراير 2011

Egyptian stock exchange to resume work on Wednesday

 ....
And he will have the opportunity in on Sunday and Monday for the listed companies to disclose all their financial and operational, allowing investors to assess recent developments and take appropriate investment decisions before the start of trading.

And the Stock Exchange closed since Jan. 30 amid a massive political protests forced President Hosni Mubarak to step down on Friday. She lost in the last trading sessions before closing its 69 billion pounds (11.7 billion dollars).

The statement said the bourse, which Reuters obtained a copy of it, "decided to start trading in the stock exchange on Wednesday to be in on Sunday and Monday completing ingredient technical to start trading and the completion of consultation with companies operating in the securities on the procedures to be applied at the start of trading."

The Financial Supervision Authority approved some amendments to the special during the first week of the return of the most important trading abolition of buying and selling at the same meeting and cancel the meeting exploratory and facilitate the purchase of treasury shares of listed companies.

Said Wael staphyloma Managing Director of top management portfolio "of the resolution correctly .. become the psychological factor for clients is more positive now after the departure of Mubarak. Will be Wednesday's session is positive and will decrease the attack, the sale of individuals. What we need now is to find the purchasing power of the new market."

And flooded the celebrations of the Egyptian capital Cairo on Friday evening after successfully popular protests lasted for 18 days in the end to Mubarak's rule, which lasted 30 years.

(U.S. dollar equals 5.8790 Egyptian pounds)

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