The exchange in Cairo was expected to fall after being closed for two months Related Stories Trading on Egypt's stock exchange has been suspended for a second day running as shares again tumbled minutes after the market opened. Shares dropped 6.5%, prompting a 30-minute suspension, following a near-10% fall on Wednesday. The authorities are trying to stabilise the market after it was closed for almost two months following the ousting of former President Hosni Mubarak. Analysts said they expected the market to continue falling. This will persist until share sellers and buyers find a level they are comfortable with, they suggested. The stock market had been shut since 27 January and had lost 18% in the two trading days before closure. The government has taken a number of steps to support the market, including:a shorter trading day for the first weekautomatic trading suspensions if the market suffers sharp fallsa 250m Egyptian pound ($42m, £26m) government fund that can be invested in the market.This article is from the BBC News website. � British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.
cell phone application
cell phones
cell phone spyware
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment